Market update: FOMC announcement of no rate hike (15 June 2016)

• Fed leaves interest rates unchanged
• Fed raised inflation expectations and lowered growth expectations.
• Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S.
• "July isn't impossible."
• Markets are even more pessimistic than the Fed. The yield on the benchmark 10-year Treasury fell to 1.574 percent, the lowest level since 2012. That is part of a broader decline in global rates that, in recent days, also has sent the yield on 10-year German debt below zero for the first time.