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Fed leaves interest rates unchanged, signals it will pause through 2020

Fed leaves interest rates unchanged, signals it will pause through 2020
REUTERS/Jonathan Ernst



The Federal Reserve left borrowing costs unchanged at its last policy meeting of the year on Wednesday.




Policymakers signaled they saw little to no need to boost the economy further anytime soon.




The pause is likely to draw ire from President Donald Trump, who regularly pressures the policy-setting Federal Open Market Committee to cut rates.




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The Federal Reserve left borrowing costs unchanged at its last policy meeting of the year on Wednesday and signaled that policymakers saw no need to boost the economy further anytime soon.
The central bank predicted current interest rate levels could keep the record-long expansion humming for now, even against a backdrop of cooling global growth and ongoing trade disputes. Those strains had prompted policymakers to reverse course this summer and pursue stimulus measures for the first time since the financial crisis.
The pause is likely to draw ire from President Donald Trump, who regularly pressures the policy-setting Federal Open Market Committee to take steps to juice the economy ahead of his re-election bid in 2020.
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