The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and,

The Fed kept rates steady, gave Treasury runoff plans, and warns of economic uncertainty. Chair Powell emphasized potential policy changes. Click for more.

Former Treasury Secretary Lawrence Summers said the Federal Reserve’s decision to dramatically slow down the shrinkage of its US Treasuries holdings amounts to a worrying signal about market demand for longer-term federal debt.