Breaking: Fed sends dollar up initially, rates unchanged

-- more to come

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The Federal Reserve was widely expected to leave its policies unchanged at its last meeting of 2019. The bank previously cut rates three times in a row. Recent economic indicators have been upbeat and trade tensions have eased. The Fed's dot-plot, providing guidance for 2020 and beyond were highly anticipated by investors. 

The Fed decision marks the beginning of 36 hectic hours in markets. The European Central Bank and the UK elections are set to trigger high volatility.