![Federal-Reserve-Seal](https://i0.wp.com/fintk2.com/wp-content/uploads/2016/07/Federal-Reserve-Seal.png?resize=678%2C381&ssl=1)
As widely expected, the US Federal Reserve held rates steady Wednesday, but it also offered an optimistic outlook on the economy with a diminished risk profile. Improvements in the labor market and economy will likely merit “gradual increases in the federal funds rate,” the Fed said.
Bloomberg (7/27)