WASHINGTON (AP) -- The Federal Reserve decided on Wednesday to leave a key interest rate unchanged and cited a heightened risk of inflation, which could lead to rate increases down the road. Private analysts said the Fed may delay the first rate hike until December.
"They reaffirmed that there will be no further rate cuts and the next change will be a rate increase, but I didn't see any special urgency about how soon that rate increase will take place," said David Jones, chief economist at DMJ Advisors.
Jones said based on this statement it is likely that the Fed will keep rates unchanged until the December meeting while other analysts said they were not looking for any rate changes at least until the fall.
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