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Fed Holds, Says It'll Be 'Patient' On Future Rate Hikes


(Markets Insider) - The Federal Reserve held interest rates steady following its first meeting of the year on Wednesday and emphasized that it would carefully assess the state of the economy when considering future policy decisions. In a news conference following the announcement, Fed Chairman Jerome Powell said the case for increasing borrowing costs has weakened and didn't know whether the next adjustment would be a hike or a cut. Read More


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