Fed Keeps Rates Steady, but leaves Door Open for a rate cut....

6/19/19

The Federal Reserve kept interest rates unchanged Wednesday, but signaled it was prepared to lean toward a more dovish stance as uncertainties in its growth outlook have increased.
The Federal Open Market Committee kept the fed funds rate in a range of 2.25% to 2.5%..
In a sign that the Fed is laying the groundwork for more accommodative policies, the central bank ditched "patient" from its policy language and said it would "act as appropriate to sustain the expansion."
"The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes, but uncertainties about this outlook have increased," the Fed said. 

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