Wed, 17 Sep 2014 08:38:13 GMT
Interest rate hike may be the next step for Fed
Wednesday's Federal Reserve meeting may shed light on the increase of interest rates, although the Fed's current plans do not foresee a significant change in the policy until the mid-2015. The FOMC, which sets the policy, may change the timeline for near-zero interest rates, which would be a momentous development after six years of deadlock. Nevertheless, the climb in unemployment rate to 6.1% in