Federal Reserve not raising key interest rate - KWWL - Eastern Iowa Breaking News, Weather, Closings

Federal Reserve not raising key interest rate

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The Federal Reserve will not be raising the bank's key interest rate, at least for now.

The presidential election is believed to be one reason behind the Fed's decision. It could be looking to raise rates in December.

Chair Janet Yellen said in recent months, the case for raising rates has "strengthened."

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