Investing.com - The Federal Reserve remained in the spotlight Thursday, one day after the central bank kept interest rates unchanged and indicated just two more rate hikes this year instead of the four expected.
The Fed scaled back forecasts for how high interest rates will rise this year following the conclusion of its policy meeting on Wednesday, citing the potential impact from weaker global growth and financial market turmoil on the U.S. economy. Fed officials also cut their expectations for economic growth and inflation.
Yellen’s dovish tone disappointed interest rate hawks, who had to dial back their own expectations for the next U.S. rate hike to September, instead of June.
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