The Federal Reserve held its benchmark interest rate steady Wednesday and delivered its strongest signal to date that the central bank may have reached the end of its latest series of interest-rate increases. Nick Timiraos explains. Photo: GettyDallas Federal Reserve Bank President Robert Kaplan said he believes the U.S. central bank will hold off on rate increases until at least the summer. “It’s very important for the Fed to get out of the way” and let uncertainties around the economy resolve themselves before weighing any more changes in monetary policy, Mr. Kaplan said at a Friday appearance at the Texas Lyceum, in Austin.

Source: Wall Street Journal February 01, 2019 17:03 UTC