Federal Reserve Holds Interest Rates Steady, Signals Possible Cuts this Year

June 20, 2019

The U.S. Federal Reserve (U.S. Central Bank) held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.

The Fed said it “will act as appropriate to sustain” a nearly 10-year economic expansion, and dropped its pledge to be “patient” before rate moves. Now nearly half of policymakers show a willingness to lower borrowing costs over the next six months.

(Reuters)

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