Fed Holds Rates Steady, Leaving Treasury Outlook Unclear
The Federal Reserve kept interest rates steady as expected, while its assessment of economic strength did little to reassure bond investors about the outlook for longer-term Treasuries.
By Gertrude Chavez-Dreyfuss and Laura MatthewsThe Federal Reserve kept interest rates steady on Wednesday as expected, but it was not able to comfort bond investors concerned about what a deliberate pace of policy tightening will mean for the outlook for longer-term government bonds.The central ban…