GAZIPUR: Argentine Minister attaché Mariano Beheran visits Bangladesh Agricultural Research Institute (BARI) Thursday.

Dollar sinks as Fed forecasts slower rate hikes

AFP, New York :The dollar dived Wednesday after the Federal Reserve forecast a slower path for future rate hikes and cut its growth outlook for the US economy.The Fed’s policy arm, the Federal Open Market Committee, concluded a two-day meeting with a statement announcing the benchmark federal funds rate would remain at 0.25-0.5 percent, where it was set in December.The rate decision was expected, but the overall tone of the FOMC statement, citing the impact of the global slowdown and...

18 Mar 2016, 12:00 am