AP Photo/Richard Drew In this June 17, 2015, file photo, a television screen at the trading post of specialist John Parisi, left, shows the decision of the Federal Reserve, on the floor of the New York Stock Exchange.
- 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>$4 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: