When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: "Considerable time." The presence or absence of that phrase will trigger a rush to assess the likely timing of the Fed's first increase in interest rates since it cut them to record lows in 2008.
September 16, 2014 at 09:00 AM
1 minute read
When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: “Considerable time.”
The presence or absence of that phrase will trigger a rush to assess the likely timing of the Fed’s first increase in interest rates since it cut them to record lows in 2008.
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