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Breaking: EUR/USD battles 1.10 after Fed leaves rates unchanged

-- more to come

Follow all the Fed updates live

After cutting interest rates three times in 2019, the Federal Reserve signaled it would pause as its adjustment ran its course, and the US economy is doing well. However, the Fed is open to reducing borrowing costs if the outlook deteriorates, and bond markets still see a cut later this year. 

While the world's most powerful central bank does not publish new forecasts at this juncture, comments about inflation, employment, the Sino-American trade deal – and also the coronavirus scare – are all of interest to traders. 

Another topic that made it to the headlines of financial media outlets is the size of the Fed's balance sheet. Since September, the bank has been intervening in repo markets to provide liquidity. Comments about the path forward for further withdrawing or injecting liquidity are of interest. 

United States Fed Interest Rate Decision in line with expectations (1.75%)

United States Fed Interest Rate Decision in line with expectations (1.75%)
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