Fed Signals Low Rates to Continue Until at least June

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The Federal Reserve has indicated that it won’t increase interest rates before June but remains silent about what happens after that. Although the central bank’s policy committee is upbeat about the economy, it says it expects a deepening of inflation slowdown.

Fed Raises Assessment of Economy While Staying Patient on Rates

The Federal Reserve boosted its assessment of the economy and played down low inflation while repeating a pledge to stay “patient” on raising interest rates.

The Federal Open Market Committee described the expansion as “solid,” an improvement over the “moderate” performance it saw in December. It substituted “strong” for “solid” in its evaluation of job gains after a meeting Wednesday in Washington.

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