Fed leaves rates unchanged, expects to keep hiking them gradually
The Federal Reserve left its benchmark interest rate unchanged at its November meeting, as expected.
It released a statement acknowledging the robustness of consumer spending and the recent slowdown in business investment.
Traders are almost certain the next interest-rate hike is coming in December — a move that would almost immediately lift Americans' borrowing costs for credit cards and other short-term loans.
Thursday's statement was the last for the foreseeable future
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