Fed Leaves Rates Unchanged But Gives More Aggressive Inflation Expectations

(From CNBC)

In Janet Yellen’s final meeting as Fed chair, the central bank decided Wednesday against increasing its benchmark interest rate but indicated it expects inflation pressures to heat up as the year moves on.

The policymaking Federal Open Market Committee said current conditions indicate that the overnight funds rate should remain anchored at 1.25 to 1.5 percent. The decision, which came at the end of a two-day meeting, was widely expected.

Rather than looking for a move on rates, market participants were watching the January Fed meeting for clues on how the central bank might proceed for the rest of the year.

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