BREAKING: The Federal Reserve is leaving its key interest rate unchanged and projecting no rate hikes in 2019, dramatically underscoring its plan to be 'patient' about any further increases.
The Federal Reserve is leaving its key interest rate unchanged and projecting no rate hikes in 2019, dramatically underscoring its plan to be “patient” about any further increases.
Together, the moves signal no major increases in borrowing rates for consumers and businesses. Some analysts believe the next rate move could be a cut later this year if the economy slows as much as some fear. The U.S. central bank is expected to reaffirm its stance later Wednesday that it will be “patient” in making future interest rate increases.
Futures for the Dow and the S&P 500 are up 0.1 percent, while European indexes are trading slightly lower. The dollar is up 0.2 percent against the yen, at 111.57 yen.
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