US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, on March 20, 2019. The Fed left interest rates unchanged after concluding a two-day policy meeting, in a move that met market expectations and reflected the central bank's patient approach regarding monetary policy changes. Photo: Xinhua

US Federal Reserve surprisingly ends rate hike cycle, says no more interest rate rises this year

  • Federal Reserve message more ‘dovish’ than expected, as worries about economic outlook cause central bank to rein in policy tightening
  • Fed also announces it will end its plan to sell off its securities portfolio in September, a further step back from Fed’s policy tightening
Topic |   Global monetary policy

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US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, on March 20, 2019. The Fed left interest rates unchanged after concluding a two-day policy meeting, in a move that met market expectations and reflected the central bank's patient approach regarding monetary policy changes. Photo: Xinhua
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