The U.S. Fed maintained their dovish stance and noted they are prepared to adjust balance-sheet normalization. As expected they kept rates steady and reiterated their pledge to be patient.
Regarding the economy, the Fed noted the labor market continued to strengthen and that economic activity has been rising at a solid rate.
The US dollar fell across the board against all its major trading partners. The immediate reaction for interest rate probabilities following the release of the statement roughly saw expectations rise about 1% for each meeting, but still not fully pricing in a hike in 2019.
