The Federal Reserve signalled that it remained on course to lift interest rates this year but left its options open on when to pull the trigger as it awaits more evidence of the strength of the recovery.
In a statement after its latest policy meeting, the US central bank gave a stronger endorsement of progress in the jobs market, saying it was seeing “solid” gains and that slack in the market had diminished since early this year.
However, it stuck with its existing language, saying activity was expanding “moderately” and that risks to the economic outlook were “nearly balanced” — the latter phrase amounting to an acknowledgment of continued uncertainties on the recovery.
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