Fed steps back from a tilt toward higher rates

According to this article from John Berry at Bloomberg, published Thursday 22 March, Federal Reserve officials have taken a small step toward a more balanced view of whether their next interest rate move would be up or down.

After the Federal Open Market Committee held US interest rates unchanged Wednesday, it dropped the reference in its previous five statements to "additional firming that may be needed to address" inflation risks.

"Some analysts incorrectly interpreted that as a move toward

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