Fed Leaves Policy Rate Unchanged, Lowers Outlook for Increases
Wall Street Journal, June 15, 2016–Hilsenrath, Jon; Davidson, Kate
The Federal Reserve held its benchmark lending rate steady on Wednesday and officials lowered projections of how much they expect to raise short-term interest rates in the coming years, signs that persistently slow economic growth and low inflation are forcing the central bank to rethink how fast it can move rates higher.
