Fed's Nod to Global Risks Lowers Chance of March Rate Increase
- Fed shifts into wait-and-see mode following market turmoil
- Fed `closely monitoring' global economic developments
Will Markets Play a Bigger Role at Fed's March Meeting?
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Federal Reserve Chair Janet Yellen and her colleagues have opened the door to a change in their outlook for the economy this year, and possibly a slower pace of interest-rate hikes that would make a move in March less likely.