With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.
With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.

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Fed Holds Steady at March Meeting

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As expected, the FOMC is leaving rates unchanged and keeping up its asset purchase program of $120 billion each month. When asked if the Fed is thinking about thinking about tapering, Chair Powell said the Fed will be looking for substantial further progress before tapering. During the press conference, Powell acknowledged growth, but cautioned that "the economy is a long way from our goals" and the recovery is “uneven and far from complete."

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