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Federal Reserve Leaves Rates Unchanged

CXI January 27th, 2016
Federal Reserve Leaves Rates Unchanged

Photo: Stefan Fussan


After the Federal Reserve raised rates for the first time since 2006 back in December, the market seems to think it was a wrong move. And believe the Fed should leave interest rates unchanged.

Washington post reports, “markets now think that the Fed will undershoot its inflation target as far out as the five years from 2021 to 2026 by even more than they used to.”



The Fed released today at 2:00 pm that it will leave rates unchanged.

And stated, “Given the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.”



Overall they acknowledge global problems are an issue but believe better times are ahead. Because even though our economic growth slowed during our fourth quarter last year, our labor market went upwards. 

Therefore the U.S. dollar will continue to gain its strength and will still give U.S. travelers the most value for their dollar.  


About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 80 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com

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