The Federal Reserve on Wednesday kept interest rates unchanged, but implied they might increase interest rates in its next policy meeting in December.
Also, the US central bank talked down recent global financial market turmoil, saying the labor market was recuperating amid a slow pace of job growth.
The Fed, in a statement, said the committee will evaluate progress toward its goal of maximum employment and 2% inflation in figuring out “ whether it will be appropriate to raise the target range at its next meeting.”
Investors quickly placed bets the Fed will raise rates next month, with futures contracts indicating a 43% possibility compared to 34% before the statement.
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