Jan
30
Fed Signals End of Interest Rate Increases
ByWASHINGTON — The Federal Reserve signaled on Wednesday that its march toward higher interest rates may be ending sooner than expected, suspending its previous plans to continue raising rates this year.
The Fed’s chairman, Jerome H. Powell, said economic growth remained “solid” and the central bank expected growth to continue. But in a sharp reversal of the Fed’s stance just six week ago, Mr. Powell said the Fed had “the luxury of patience” in deciding whether to raise rates again…
Fed Signals End of Interest Rate Increases
