The Federal Reserve's decision not to raise interest rates this week should not cause indigestion for credit unions, according to economists.
"The committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives," the statement from the Fed said.
"Although the Fed did not move this time, an increase in the fed funds target rate would have been consistent with an economy approaching full employment with moderately rising inflation," Bill Hampel, CUNA chief policy officer said.
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