As broadly expected, following a meeting of the FOMC, the Federal Reserve monetary policy-setting committee, the Fed has announced that it will maintain the interest rates it controls at current levels.
The target rate for the Fed funds rate will remain between 2.25% and 2.50%.
-RW
UPDATE HOT:
The Federal Reserve is likely to refrain from raising interest rates for the rest of the year, according to the (dot plot)projections of its members.
Late last year the median interest rate forecast of Fed officials implied two additional hikes in 2019, it now implies none.
Raise your hand if you are surprised! (Looking around) Didnt think so.
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