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PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund
In a widely expected outcome, the Federal Reserve announced no change to the Fed Funds rate but did leave open the possibility of a rate hike next year. Also, they committed to stopping "Quantitative Tightening (or Q.T.)" by the end of September.
The key language from the announcement was:
"Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter. Payroll employment was little changed in February, but job gains