Open markets committee says ‘economic activity is expanding at a solid pace’ in first meeting under new chair Kevin Warsh
US stock markets dropped Wednesday afternoon after the Federal Reserve left interest rates unchanged and signaled a possible rate hike before the end of the year.
The Fed was widely expected to keep rates at a range of 3.5% to 3.75%, where it has remained since December. The decision was unanimously supported by the Fed’s voting committee.
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