Wednesday 15 June 2016

Fed reins in rate-hike path as Brexit cited in latest pause .


(June 16): Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers painted a mixed picture of a US economy where growth is picking up while job gains slow.

Britain's June 23 referendum on membership of the European Union was also "one of the uncertainties that we discussed and that factored into today's decision," Chair Janet Yellen said after the Federal Open Market Committee voted unanimously to leave rates steady at the end of a two-day meeting on Wednesday in Washington.

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