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Oh dear...BoardsofFL is not going to post THIS. Fed DOWNGRADES economic forecast

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Markle

Markle

Oh dear...BoardsofFL is not going to post THIS.

Fed holds off on interest rate hike, downgrades economic forecast

By Jim Puzzanghera

June 17, 2015, 11:02 AM |Reporting from Washington

Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it..

Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.

[...]

http://www.latimes.com/business/la-fi-federal-reserve-interest-rate-20150617-story.html

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