The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook.
While the Fed said continued U.S. economic and job growth were still “the most likely outcomes,” it removed language from its December policy statement that risks to the outlook were “roughly balanced” and struck language that projected “some further” rate hikes would be appropriate in 2019.
Fed Chairman Jerome Powell said in a press conference after the statement was released that policy makers decided a wait and see approach was appropriate and that the case for raising rates has weakened. (30.01.2019)
Post by : Republic of Turkey Ministry of Trade