NEWSWATCH: “Fed Holds Rates Steady, but Indicates Increases Will Continue Officials give no signal they plan to pick up the pace of rate rises following recent inflation gains” – Wall Street Journal/Nick Timiraos

Federal Reserve Bank file photo

“The Federal Reserve held short-term interest rates steady Wednesday and indicated it remains on track to raise them gradually in coming months to keep the expanding economy on an even keel. … after its two-day policy meeting, offered nothing to dispel market expectations that it would deliver its second rate increase of the year … in June. … Fed officials would like to see the jobless rate remain steady … [They] have to sort out how the recent fiscal policy changes could boost growth and inflation. It is probably too soon for officials to have reached firm conclusions …. Trade policy is another wild card. …”

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