Fed sees no 2019 hike, plans Sept. end to asset drawdown

FEDERAL RESERVE officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of central bank bond holdings in September. Above, Fed Chair Jerome Powell. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO
FEDERAL RESERVE officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of central bank bond holdings in September. Above, Fed Chair Jerome Powell. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO
NEW YORK - Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of central bank bond holdings in September, sending benchmark Treasury yields to the lowest level in more than a year and bolstering market bets on a rate cut in 2019. The median…

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