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Fed holds interest rates steady — but it leaves itself plenty of wiggle room by removing ‘patient’ pledge

Greg Robb
Fed holds interest rates steady — but it leaves itself plenty of wiggle room by removing ‘patient’ pledge

The Federal Reserve left a key interest rate unchanged and signaled it’s unlikely to cut borrowing costs in 2019, but the central bank also left itself wiggle room by saying it would “closely monitor” the economy in light of waning inflation and growing “uncertainties.”