Following through on indications in March, the Federal Open
Market Committee on Wednesday offered no changes to its zero interest
rate policy.
Not only did it not hike rates, it also removed all hints for what may lie ahead. Calendar references were deleted completely from the post-meeting statement.
The FOMC indicated after its March meeting that a rate hike in April was unlikely. The U.S. central bank has kept its key funds rate anchored near zero since late 2008, amid the financial crisis.
Officials have indicated a desire to raise rates at some point this year, with the market now anticipating a September increase.
Not only did it not hike rates, it also removed all hints for what may lie ahead. Calendar references were deleted completely from the post-meeting statement.
The FOMC indicated after its March meeting that a rate hike in April was unlikely. The U.S. central bank has kept its key funds rate anchored near zero since late 2008, amid the financial crisis.
Officials have indicated a desire to raise rates at some point this year, with the market now anticipating a September increase.
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