Fed holds line on rates, says no more hikes ahead

Federal Reserve Board Chairman Jerome Powell delivers the Federal Reserve?EURs Semiannual Monetary Policy Report to the House Financial Services Committee on Capitol Hill in Washington on Feb. 27, 2019.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.Not only did the Federal Reserve decide Wednesday not to raise interest rates, but it also indicated that no more hikes will be coming this year.

However, there now appears to be no likelihood of a hike unless conditions change significantly. In its post-meeting statement, the FOMC indicated it would remain “patient” before adopting any further increases. For a central bank not so long ago intent on normalizing policy from its financial crisis-era accommodation levels, the developments at this week’s meeting represent a striking change in direction.

Along with the historic lows in rate came three rounds of bond buying that helped provide liquidity to financial markets. The program had pushed the Fed’s balance sheet to $4.5 trillion, which it has sought to lower through a program that allowed proceeds from the bonds to roll off each month. The unemployment rate for this year is now seen at 3.7 percent, up 0.2 percentage points from December.

In the statement explaining its decision, the committee said economic activity “has slowed” even though the labor market remains “strong” despite February’s weak 20,000 growth in nonfarm payrolls.

Basically he caved to tRump!! I gotta go puke now.....

And it's off to the races. Higher prices. Greater debt.

Interest rates? Wait!!! Devin Nunes wants to kill his cow!!! 🤔He has hired the Prince of Saudi Arabia 😠Save the cow!! 👍🇺🇸Protect America!!🐮DevinCow! Save the cow!! Save America!!🇺🇸

A) Correct B) Incorrect (Need more information to answer)

They’re realizing it’s having less and less of an effect in the new economy

Hahaha shooting themselves in the foot just in time for the impending recession 😂

translation: interest rates are totally going up.

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