One more rate hike likely this year! Key takeaways from US Fed policy

Yellen said in a press conference that the central bank was ready to change the interest rate outlook if needed

In a widely anticipated move, the US Federal Reserve left the interest rates unchanged, but stuck to its earlier projection of one more rate hike by the end of this year. The Fed has already raised rates twice this year.

It also said that, in October, it would start reducing its approximately $4.2 trillion in holdings of US Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.

Noted that the recent hurricanes in the United States would affect economic activity, Fed added that they are “unlikely to materially alter the course of the national