Fed drops 'patient' from policy statement

GMT 18:46 2015 Wednesday ,18 March

Arab Today, arab today Fed drops 'patient' from policy statement

Washington - Arab Today

The Federal Reserve dropped its pledge to remain patient on raising interest rates Wednesday, but made clear it would not rush into a rate hike before midyear.
The Fed also said US economic growth had moderated since January, as it cut back its projections for US growth in 2015 by 0.3 percentage point to 2.3-2.7 percent.


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