Fed

The Federal Reserve left the benchmark interest rate unchanged following a Wednesday meeting, but amid economic uncertainty, signaled that future cuts could be warranted. During a news conference following the meeting, Fed chairman Jerome Powell stated that due to uncertainties in the economic outlook, the Committee will “closely monitor” the economy and “act as appropriate to sustain the system.”

The Federal Reserve Wednesday signaled interest rate increases are likely later this year.  As expected, the Fed chose to leave interest rates at current levels for now, following a two-day meeting this week.  The Federal Open Market Committee of the central bank said economic activity has been expanding at a moderate pace.  Federal...