Fed holds rates steady, but hike is expected in December

By Joseph Lawler

Published November 2, 2016 6:00pm ET

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Fed holds rates steady, but hike is expected in December — Federal Reserve Chairwoman Janet Yellen has suggested that the Fed might further slow its move toward raising interest rates in order to give the economy "room to run." (AP Photo/Alex Brandon) | Alex Brandon

The Federal Reserve’s monetary policy committee said Wednesday that it left its interest rate target unchanged, a nearly universally anticipated decision less than a week before the presidential election that is likely to leave investors expecting an increase next month.

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Federal Reserve Interest Rates Janet Yellen Joseph Lawler Minusextra Monetary Policy