Fed says business investment is slowing
Fed Reserve Chair Jerome Powell speaks at a news conference last month. Photo: Mark Wilson/Getty Images
The Federal Reserve said that U.S. business investment growth has "moderated from its rapid pace earlier in the year," in a statement released Thursday alongside an announcement that the central bank would not raise interest rates.
- The Fed maintained its overall rosy outlook of the economy, signaling one more rate hike for this year in December.