Federal Reserve (Fed). Fed Keeps a Low Profile but Is Ready to Take More Action

There were few expectations about today’s Fed meeting. The decision to keep key interest rates unchanged will come as no surprise. Also, certain changes to the Fed’s monetary policy objectives had been made in August and September. Nothing substantial was really anticipated this time, therefore. Moreover, the current political context, with all the uncertainty over the outcome of the presidential election, was another reason Fed leaders may have had to be prudent.