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Published on Tuesday, March 24, 2015 | Updated on Tuesday, March 24, 2015

U.S. | FOMC Drops “Patient”, Rate Hike Unlikely in April

The March FOMC announcement lived up to expectations, with the Committee removing the “patient” language from the statement. To help clarify this change to the forward guidance, the FOMC added to the statement that “an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting.”