• Safi Bello

Fed Refrains From Rate Hike While Maintaining Sunny Outlook

Bloomberg ------- Federal Reserve officials left interest rates unchanged while signaling they’ll look past a recent deceleration in U.S. economic growth. “The committee views the slowing in growth during the first quarter as likely to be transitory,” the Federal Open Market Committee said in a statement Wednesday following a two-day meeting in Washington. “Near-term risks to the economic outlook appear roughly balanced.” Central bankers provided little direction on when they might next change the policy rate, giving themselves flexibility to raise or hold at their June meeting. Fed officials have penciled two more rate hikes into their 2017 forecasts in addition to the one increase they made in March. Inflation is closing in on the Fed’s 2 percent goal and the jobless rate has fallen to a level officials see as consistent with their maximum-employment mandate. To learn more click on the picture below to read the article.

Fed Refrains From Rate Hike While Maintaining Sunny Outlook - Read More from Bloomberg

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