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Fed keeps rates unchanged, sets up possible December hike

Wednesday, Oct 28 2015
The U.S. Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.nFollowing a two-day policy meeting, the central bank said it was still monitoring economic and financial developments abroad, but did not repeat that global risks would have a likely impact on the U.S. economy, as it warned at its last meeting in September.That omission marked a softening in tone compared to the Fed's statement last month.
 
The Fed's policy-setting committee also noted that U.S. job growth had slowed and the unemployment rate had held steady. It repeated in its statement that "underutilization of labor resources has diminished."
"The committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced," the Fed said in its statement. It added that the U.S. economy has been expanding at a moderate pace.
 
After the data USD strengthen against its major rivals. Euro is currently being traded around 1.0940 level, Sterling is at 1.5270 area, while Aussie is at 0.7080 handle. 
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