Forex Top Story

Dollar Drifts Lower As Fed Holds Rate

The U.S. dollar drifted down against rivals on Wednesday after the Federal Reserve left interest rates unchanged and the Fed chair Jerome Powell said he would not consider raising rates until inflation picks up significantly.

Economic projections provided by the Fed along with the decision show a majority of FOMC participants expect interest rates to remain unchanged throughout 2020.

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by RTTNews Staff Writer

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