FOMC holds rates, market eyes Q2 hike

MARKET NEWS

WASHINGTON DC -- The Federal Open Market Committee (FOMC) kept US interest rates on hold last week, but shifted its policy-making bias from easing to neutral.

The decision to leave US rates at 1.75% had been widely expected, and the Fed’s post-meeting statement suggested that rates are likely to remain on hold for some time. Although the economy has been boosted by a marked swing in inventory investment and "is expanding at a significant pace", there are still reasons to be cautious, analysts

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