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FOMC leaves fed funds unchanged, to be 'patient' on rates


Thursday, 31 January 2019 02:12 WIB

Federal ReserveFOMCThe Fed


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The Federal Reserve on Wednesday left a key U.S. interest rate unchanged and dropped longstanding language that suggested more rate hikes are on the way, stressing it will be 'patient' before determining its next steps.

The central bank also said it's prepared to "adjust any of of the details" of its balance-sheet runoff if necessary.

The vote was 10-0. The Fed adopted its new stance in response to "muted inflation" and recent "global economic and financial developments."

The U.S. economy, meanwhile, was seen expanding at a "solid" rate in early 2019 instead of the "strong" pace the central bank noted in December.

Source: Marketwatch


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