Reuters reported that the Federal Reserve has decided to wait on increasing interest rates until it is certain the recent U.S. economic slowdown was temporary.
In addition, during the May 2-3 meeting, most policymakers indicated a desire to begin winding down the U.S. central bank’s holdings of Treasury debt and mortgage-backed securities sometime this year, Reuters said.
Reuters noted that investors are still predicting a rate increase at some point next month.
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