Chairman Jerome Powell says Fed to hold interest rates steady despite previous warnings [Leah Millis/Reuters]

The US Federal Reserve on Wednesday held interest rates steady and, in a formal policy shift, vowed to be patient in further lifting borrowing costs, the clearest signal yet the tightening cycle it began in 2015 may have ended.

Citing rising uncertainty about the US economic outlook, Fed Chairman Jerome Powell said the case for raising rates had

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