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Fed Holds Rates Steady at Janet Yellen's Final Meeting

Latest News : Fed Holds Rates Steady at Janet Yellen's Final Meeting

As Federal Reserve Chairwoman Janet Yellen concluded her last policy meeting with a decision to hold rates steady, she left her successor the challenge of deciding whether to pick up the pace of rate increases to prevent the economy from overheating.

The Fed held short-term interest rates steady and said it will continue along its path of gradual increases aimed at keeping the economy on track. It offered nothing to dispel market expectations that it will deliver its next rate increase in March. Such a move would extend the central banks pattern, since December 2016, of announcing steps to remove economic stimulus at every other meeting.

Impact : Medium
Sentiment : Good for Dollar

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