Fed Scales Back Rate-Rise Forecasts as Global Risks Remain

Updated on
  • Yellen calls April a `live meeting' when asked about next hike
  • Kansas City Fed chief dissents in favor of 25-point rate rise

Janet Yellen's Statement in Two Minutes

Federal Reserve officials held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year, citing the potential impact from weaker global growth and financial-market turmoil on the U.S. economy.

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