The Fed was 'as dovish as they could be without spooking the market.' Here's what Wall Street is saying.
- The Federal Reserve lowered its growth forecast for the US economy Wednesday.
- It signaled interest rates would likely remain unchanged this year.
- Alongside plans to end its balance sheet runoff in September, the meeting was even more dovish than expected.
With a flurry of ongoing strains, the Federal Reserve now sees the economy growing this year at a slower pace than previously thought.
Officials left interest rates unchanged Wednesday and signaled they don't expect an increase until next year. Alongside plans to hold a larger balance sheet than previously expected, the announcement was even more dovish than expected.Here's what market watchers are saying about Wednesday's announcement: