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…

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