CHINA TOPIX

U.S. Fed Removes 'Patient' From Guidance, Opens Doors To June Rate Hike

Dino Lirios   |

Mar 19, 2015 02:17 AM EDT

The U.S. Federal Reserve concluded its two-day policy meeting on Wednesday, with its statement suggesting a cautious outlook and a less aggressive timeline on raising interest rates while still implying that it was closer to hiking rates for the first time after almost a decade.