16-03-2016 21:31 via news.yahoo.com

Dollar hits one-month low after Fed revises rate hike outlook

By Dion Rabouin NEW YORK (Reuters) - The dollar fell sharply on Wednesday after the Federal Reserve kept interest rates unchanged, but reduced its expectations for interest rate hikes in 2016 to two from four. In a statement many investors regarded as more accommodating for looser policy than expected, the Fed noted that moderate U.S. economic growth and "strong job gains" would allow it to resume tightening monetary policy this year, but also said the economy continues to face risks from an unc
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