### Instruction: Extract causal economic narratives from the input text below! A causal economic narrative is a pair of events where one event causes the other. State all narratives in the following form: 'event A - "causes" - event B'.
### Input: "In light of global economic and financial developments and muted inflation pressures, the Fed will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate," the Fed said in its official statement.