Federal Reserve

Text of the Fed's statement after its meeting Wednesday

Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter.

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___ Federal Reserve foresees no interest rate hikes in 2019 WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged and projected no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases.

3 things to watch for from the Federal Reserve on Wednesday

The Federal Reserve is considered sure to leave its key short-term interest rate unchanged Wednesday and to stress its new watchword — "patient"— in conveying its intention to leave rates alone for the foreseeable future.