✅ The announcement comes three months after the central bank said two hikes would be appropriate in 2019.
✅ As expected, the benchmark funds rate is kept in a range of 2.25 percent to 2.5 percent.
✅ The Fed also reduced expectations in GDP growth and inflation and a bump higher in the unemployment rate outlook.
✅ The Fed indicates that no more rate hikes will be coming this year.
✅ The central bank also says it will complete its balance sheet roll-off program at the end of the September.