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US Fed looks to avoid crossed signals at policy meeting

Updated : March 18, 2019 08:14 AM IST

Jerome Powell and his colleagues will leave the Fed's benchmark overnight interest rate unchanged in a range of 2.25 percent to 2.50 percent and stick to their pledge of a "patient" approach to monetary policy is effectively a given.
The big reveal, though, will be whether policymakers will have sufficiently lowered their interest rate forecasts to more closely align their notorious "dot plot," a diagram showing individual policymakers' rate views for the next three years in little blue-shaded circles, with that pledge of patience.
In January, the Fed pivoted from hiking rates quarterly to pledging patience before making more moves. Powell has also said the central bank could stop shedding bonds this year.
US Fed looks to avoid crossed signals at policy meeting
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