The Federal Reserve on Wednesday provided the bond bulls with a fresh round of news to keep this year’s fixed-income rally running. As expected, the central bank left interest rates unchanged. As an added bonus for fixed-income markets, the Fed also advised that rate hikes may remain on hold for the rest of the year. And if that wasn’t enough, the bank trimmed its outlook for economic growth in yesterday’s revision of quarterly forecasts and projected that inflation will remain subdued.
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No sign of imminent US-China trade deal, according to Trump: Bloomberg
Midwestern farmers facing widespread devastation after record floods: Reuters
Federal judge blocks oil and gas drilling in Wyoming, citing climate change: NBC
Fed keeps rates unchanged and signals no hikes for rest of year: WSJ
Federal Reserve trims outlook for US growth in 2019: CBS
UK’s May in Brussels to ask EU for 3-month extension for Brexit deadline: BBC
CEO optimism on global economic outlook falls to lowest level since Q1:2017: BR
10yr-2yr Treasury yield spread falls to 5-week low after Fed decision: