No Fed rate hike, but one may come in December

Wall Street banking on December rate hike

Like the election, the Federal Reserve is keeping America in suspense…till December.

The Fed decided not to raise the bank’s key interest rate at the end of a two-day meeting on Wednesday. The decision was widely expected, with only 6% of investors betting there will be a rate hike. A few key reasons, among them the U.S. election, were believed to be behind the Fed’s decision.

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Latest stock market news from Wall Street – CNNMoney.com

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