Fed Meeting: No Change in Interest Rates
The Federal Reserve meeting was today – no change in interest rates. However, they did leave the door open for a June rate hike. In other news, GDP for the 1st QTR came in well below estimates. Estimates ranged between 1 and 2%, the actual GDP number was 0.2%. The Federal Reserve blames unusually cold weather for the weaker number and they expect growth to pick up in the next few months.