News | 01.31.19
Rate Fed Signals End of Interest Increases
The Federal Reserve signaled that its march toward higher interest rates may be ending sooner than expected. On Wednesday, the Fed left rates unchanged, which was largely expected. But in a reversal of the Fed's stance just six week ago, Fed Chair Jerome H. Powell said the Fed had “the luxury of patience” in deciding whether to raise rates again. “The case for raising rates has weakened somewhat,” Powell said, citing sluggish inflation, slowing growth in Europe and China, and the possibility of another federal government shutdown.
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