Fed takes a less predictable approach to policy-making

Federal Reserve officials are entering a more unpredictable policy development phase after two years of economic stimulus cuts at regular and quarterly intervals.

They will decide if and when to further increase interest rates based on the latest signs of economic strength – such as inflation, unemployment and growth – and less on expectations of the expected performance of the economy in the months and the years to come. Come on, they said in interviews and public comments.

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