API Crude Inventory Declines 1.07M Barrels

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Fed Leaves Rates Unchanged; Removes Reference to Global Events Posing Risks to Outlook

April 27, 2016 2:00 PM EDT

(Updated - April 27, 2016 2:02 PM EDT)

Fed removes reference to global events posing risks to outlook. Leaves rates unchanged.

UPDATE - The full fed statement follows:

Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to have slowed. Growth in household spending has moderated, although households' real income has risen at a solid rate and consumer sentiment remains high. Since the beginning of the year, the housing sector has improved further but business fixed investment... More