The United States (U.S.) Federal Reserve Open Market Committee (FOMC) has released the minutes of its meeting held on March 19-20, electing not to raise interest rates and indicating that it didn’t see a likelihood for any hikes through 2019. It also pledged to start slowing the shrinking of its balance sheet in May and stop the drawdown altogether at the end of September. The economic growth projections were also lowered for this year by a full percentage point to 2.1%.

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