Unanimous Vote: Fed Leaves Rates Unchanged, With No Hint Regarding Timing Of Future Move
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Following a two-day policy meeting, the Federal Reserve voted unanimously to leave interest rates unchanged, with little indication of when to expect another move this year.
The Fed left the benchmark rate between 0.50% and 0.75%, a decision that was of little suprise to investors, though experts are keeping their eyes and ears turned to central bankers for any indication of a March move. Fed Governors moved rates in December for the first time in 12 months, and Chairwoman Janet Yellen said she expects rates to rise “a few times a year” through 2019, with three quarter-point increases slotted for this year, the Wall Street Journal reports.
This is the first Fed meeting since President Donald Trump took office and though the Fed did not comment on the president's potential policies and their impact on the economy, Fed Governors did say the economy is showing signs of improving. [WSJ]