TRADELINE LIVE LATEST NEWS UPDATE : This afternoon the Federal Reserve concluded this month’s Federal Open Market Committee (FOMC) meeting. Immediately following the conclusion of today’s meeting, the Fed released a statement. There was no press conference held after the meeting. However, Chairman Powell has stated that next year every meeting will conclude with a press conference. “The labor market has continued to strengthen and ... economic activity has been rising at a strong rate.” As anticipated, the statement that was released confirmed that the Federal Reserve will hold interest rates steady and said that ongoing strong job gains and household spending have kept the U.S. economy on track. Currently, the Fed has its benchmark target for interest rates (Fed funds rate) at 2% to 2.25%. The statement also confirmed that there is a high probability that they will move forward with one more rate hike this year which will be announced at the conclusion of the December FOMC m