Fed expects rate hikes can hold off until at least next year
CNN
The Federal Reserve left rates near zero and said it would continue to use all the tools in its arsenal to support the still bouncing-back US economy. But it struck a somewhat more hawkish tone in Wednesday's monetary policy update, saying it is prepared to "adjust the stance of monetary policy as appropriate if risks emerge."
One of these risks could be a spike in inflation. Fed officials expect inflation to hit 2.4% this year, above their December estimate of 1.8% and slightly ahead of the central bank's target of around 2%.
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