Fed signals no rate cuts are coming in 2019

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Fed signals no rate cuts are coming in 2019
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The Federal Reserve votes to hold interest rates steady as it shaves its growth forecast

Washington The Federal Reserve on Wednesday voted to hold interest rates steady and shaved its growth forecast.

Fed officials, who gathered in Washington for their two-day policy setting meeting, unanimously recommitted to remain"patient," agreeing to indefinitely stick with an extended pause on rate changes. They signaled that the Fed wouldn't hike rates in 2019.The US economy, while steady, faces a number of risks.

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