Fed Leaves Rates Unchanged in June Meeting

June 15, 2016 6:18 PM

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Amid worries about slowing job growth, Federal Reserve officials remain only tentatively committed to two more rate hikes this year, and provided indications Wednesday that there might be only one.

As widely expected, the Federal Open Market Committee on Wednesday declined to raise its interest rate target at this week's two-day meeting from the current 0.5 percent. While the so-called dot plot of future rate projections indicates there still is a greater likelihood of two moves before the end...

Also read: Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy

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