Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead

The Federal Reserve kept its benchmark involvement complaint unchanged Wednesday and signaled that it inactive expects to chopped rates doubly this year, though it said the outlook is much uncertain. The Fed besides present expects the system to turn much dilatory this twelvemonth and adjacent than it did 3 months ago, according to a acceptable of quarterly economical projections besides released Wednesday. “Uncertainty astir the economical outlook has increased,” the Fed said successful a connection released aft its two-day meeting.