Fed Leaves Rates Unchanged
MarketPulse | Sep 21, 2016 02:19PM ET
The U.S. Federal Reserve kept the benchmark interest rate unchanged in September but did include in the Federal Open Market Committee (FOMC) statement that there will be one rate change in 2016. Fed officials cut the growth forecast of the U.S. economy to 1.8% this year and 2.0 for 2017.
The EUR/USD is range bound minutes after the release of the statement. Markets were anticipating the rate hold outcome and the currency pair is trading in a range.
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