US Fed vows to act 'to sustain the expansion' amid rising uncertainties

Telegram från AFP / Omni
19 juni 2019, 20.06

The Federal Reserve on Wednesday opened the door to a cut in interest rates soon, saying that uncertainties around the economic outlook are on the rise and vowing to act to keep the economy growing.

The central bank left rates unchanged but one policymaker dissented in the vote, advocating for an immediate cut instead -- something President Donald Trump has been calling for loudly.

The policy-setting Federal Open Market Committee kept the key rate in the 2.25-2.5 percent range but said "uncertainties about this outlook have increased" and the Fed "will act as appropriate to sustain the expansion."