Fed Holds Rate at Zero with No Hint for Rise

Following through on indications in March, the Federal Open Market Committee on Wednesday offered no changes to its zero interest rate policy.

Not only did it not hike rates, it also removed all hints for what may lie ahead. Calendar references were deleted completely from the post-meeting statement.

The FOMC indicated after its March meeting that a rate hike in April was unlikely. The U.S. central bank has kept its key funds rate anchored near zero since late 2008, amid the financial crisis.