The Federal Reserve has said US economic activity remains “solid” despite recent hurricanes and voted to hold interest rates steady for now.
The outcome of the US central bank’s meeting in Washington was widely expected.
The Fed has raised benchmark interest rates twice this year already, responding to signs of economic improvement.
Analysts expect a third hike in December.
They said the statement issued after the meeting suggested that that plan remained on track.
Inflation below target
“The uncertainty about the economic impact of hurricanes has subsided, and the Fed noted the strengthening economy by saying it is expanding at a ‘solid rate’,” said Greg McBride, chief financial analyst at Bankrate.com, which tracks interest rates.
He added: “If that’s not a prerequisite for an interest rate hike next month, I don’t know what is.”