Fed Holds Rates, Will Be ‘Patient’ On Future Rate Hikes

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  • The Federal Reserve announced Wednesday that they will leave interest rates unchanged
  • Fed said they would be patient going forward with rate hikes
  • Press conference will be held at 2:30pm EST

“In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes,” it said in a statement.

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