Fed Leaves Policy Rate Unchanged, Offers No Hint on When It Might Next Move – Wall Street Journal

WASHINGTON—The Federal Reserve said Wednesday it remains on track to gradually raise short-term interest rates this year and gave no hint about when the next increase might come.

Following a two-day policy meeting, officials unanimously held their benchmark rate steady in a range between 0.50% and 0.75%, while noting in a statement some recent improvements in the economy. They lifted rates by a quarter percentage point in December…

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