Yellen once again said the path of interest rates "is not a preset course", but the Fed's quarterly projections show that it still anticipates making a third rate increase this year, with the median federal funds rate ending this year at 1.4 percent. A neutral rate implies no negative effect on growth.
"With employment near its maximum sustainable level and the labor market continuing to strengthen, the Committee still expects inflation to move up and stabilize around 2 percent over the next couple of years, in line with our longer-run objective".
In a post-meeting statement, the central bank's Federal Open Market Committee (FOMC) said that on a 12-month basis, inflation has declined and, like the measure excluding food and energy prices, is running somewhat below 2 percent. Fed officials previously increased the rate in March to a range of 0.75 to 1 percent.
Not all observers agree though and plenty are sticking with the view that a further Fed rate hike is inevitable later this year.
Asia-Pacific stocks traded lower as investors took profits in the wake of the United States rate decision, with the Nikkei 225 trading down 0.26 percent and the Hang Seng down 1.20 percent (0952GMT).
Devils on the clock with No. 1 pick in NHL draft
The draft did see a record number of Finnish first rounders (six) as well as the highest ever pick from France, Alexandre Texier. It will be very interesting to see how well he does or where he fits in on the Florida roster with Barkov and Huberdeau there.
"Washington, Jun 15 The Federal-reserve/6562" target=_blank US Federal Reserve has raised its benchmark interest rate by a quarter point to 1.0- 1.25 per cent and signaled another increase remains likely this year, despite the recent spate of weak economic data.
The FTSE 100 has slipped after the US Federal reserve announced an increase in interest rates.
The central bank bought massive quantities of USA government bonds as part of an unconventional monetary policy program to shore up the economy after the 2008 financial crisis, swelling its portfolio from roughly $900 billion to around $4.5 trillion.
This rebalancing could give the Fed the excuse not to hike rates as it would provide additional tightening, Hermes chief economist Neil Williams. The Nasdaq Composite Index dropped 60.09 points, or 0.97 percent, to 6,134.80. Some gains are expected on Wall Street later, with the futures for both the Dow and S&P 500 up 0.1 percent.
Under this scenario, also high-yielding currencies (Emerging Markets or EM currencies) are also prone for depreciating against the dollar (G-10 FX carry index).
England hit by Lauren Winfield injury on eve of Women's World Cup Whoever lift the trophy at Lord's on July 23 will be undisputed winners with the luck of the draw playing no part. Australia and the West Indies will begin their campaigns against each other in Taunton tomorrow.
Baby Doe's mother to be sentenced this week Bond was also charged for helping dispose of Bella's body - and for taking government benefits for her daughter after her death. When the girl stopped screaming, Bond testified that she saw that the girl's head appeared to be swollen and her face was gray.
Google to stop reading your Gmail to help sell adds
Google is stopping one of the most controversial advertising formats: ads inside Gmail that scan users' e-mail contents. Google had been scanning through what Gmail users were discussing and then showing ads connected to some of the topics.
Federer wins Halle Open tennis title
Things can happen, things can change, if he has tough matches en route, he might feel it physically in the final. The Czech was playing her fifth match since the stabbing she suffered at her home in Prostejov six months ago.
US Congressman Scalise Showing Improvement After Being Shot — Lead Surgeon
The timing - early in the morning - and the targets - seemingly Republican elected leaders - make this crime even more insidious. At a press conference, President Trump says that wounded Scalise's condition is more hard than people first realized.
Walker supports Johnson opposition to health care bill In 2017, the average deductible for a silver plan is just under $3,600, according to Health Pocket, an insurance shopping site. His company was not one of the 10 that wrote to the Senate leaders, but he said Friday that he was also opposed to the bill.
Boeing wins Paris order title as Airbus's Leahy announces retirement For the first time, it lumped these models with large two-engined jets such as the Boeing 777 and the largest Airbus A350. Prior to the lease and the new orders placed to Boeing , Blue Air operated a fleet of 25 Boeing 737 aircraft.
How to Watch the 2017 BET Awards Past winners include Lionel Richie, Smokey Robinson, James Brown, Gladys Knight, Prince among others. As for the performances, Bruno Mars , DJ Khaled , Big Sean , A$AP Rocky, Lil Wayne , Mary J.
Transformers tops U.S. box office but is biggest in China I did, however, find the amount of swearing in The Last Knight entirely unnecessary for something that should be a kids property. However, the fact that Michael Bay cares about the Transformers as much as Melania loves the Trumpster is infuriating.
England vs South Africa, 3rd T20I But he also showed touch too in flipping leg-spinner Imran Tahir over short fine leg for a four that saw him to fifty. Morris was the most successful bowler with two wickets, while Phehlukwayo and Dane Paterson claimed one wicket each.
Dozen frustrated Dems face steep challenge to unseat Pelosi
After Hillary Clinton's loss to Donald Trump last November, a significant crop of Democratic lawmakers attempted to vote her out. She dismissed the members who have said it is time for a change as "blatantly self-serving" and "having fun on TV".
Mark Wahlberg Admits He's 'Overprotective' About His Daughter's Dating Life
Honestly, I'd be lying if I said I didn't have fun writing about how much I loathe these movies. The breathtaking visuals stand out - you can nearly pinpoint every detail in each scene.
West Virginia Bracing For Remnants Of Cindy Flooding is already a problem in dozens of communities, and before it's over some areas could see a foot of water or more. On Friday , forecasters were trying to verify exactly how many tornadoes touched down in Alabama during Cindy's passage.
Escaped Georgia inmates captured in Tennessee after chase They are now being extradited back to Georgia to face Murder charges, as well as Federal charges for "Unlawful Flight". He also expressed gratitude to all of the law enforcement officers who provided support and assistance in the search.
27 towers fail fire safety checks in Britain, hundreds evacuated
The government will work with local authorities to make sure any unsafe material is removed and residents are safe, she said . Specifics on where the buildings were located were not given, but officials said they were in 15 council areas.