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Federal Reserve foresees no interest rate hikes in 2019

Updated : March 20, 2019 11:57 PM IST

The Fed announced that it was keeping its benchmark rate — which can influence everything from mortgages to credit cards to home equity lines of credit — in a range of 2.25 percent to 2.5 percent.
It also said it will stop shrinking its bond portfolio in September, a step that should help hold down long-term interest rates.
Federal Reserve foresees no interest rate hikes in 2019

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