FOMC News Alert: Federal Reserve Leaves Rates Unchanged But sees That Economic Growth Has Slowed

Washington (Apr 27)  As expected the Federal Reserve has let interest rates unchanged following it April Monetary Policy Meeting.

The fact that the U.S. central bank left interest rates within its range between 0.25% and 0.50% is no surprising as markets only pricing in a 50% chance of a rate hike in November.  However those expectations could be pushed back as the central bank admitted in its monetary policy statement that economic growth has slowed.

The committee also noted that growth in household spending has moderate, which they have previously noted has been the biggest driver of economic growth.

Source: KitcoNews