Upbeat Fed statement keeps mid-year rate hike alive
FOMC sees economic activity expanding at ‘solid pace’
The Federal Reserve is still on course to tighten monetary policy this year, after the Federal Open Market Committee (FOMC) delivered an upbeat assessment of the US economy in its first statement of 2015.
Holding its target for the federal funds rate at 0–0.25%, the FOMC said economic activity was expanding at a "solid pace" – an upgrade on the "moderate" used in its December statement.
It also gave a positive account of the inflation outlook in the US, despite falling oil prices causing the
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