Article 831H Federal Reserve blames 'transitory factors' for US economic slowdown

Federal Reserve blames 'transitory factors' for US economic slowdown

by
Dominic Rushe in New York
from Economics | The Guardian on (#831H)
  • Annual growth rate falls to 0.2% in first quarter of 2015
  • Statement leaves open possibility of raising interest rates

"Transitory factors" are to blame for the recent slowdown on the US economy, the Federal Reserve said on Wednesday.

In a statement released after the latest two-day meeting the Federal Open Markets Committee (FOMC) the central bank brushed off recent bad news and left open the possibility of raising interest rates, a hike that would be the first in almost a decade.

Related: Federal Reserve officials divided on whether to raise interest rates

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