US Fed Reserve done raising interest rates; significant chance of cut in 2020, says poll
Updated : March 29, 2019 07:26 AM IST
The Fed left its federal funds rate on hold last week as expected, but its "dot plot" projections shifted and now suggest no hikes in 2019 compared with two in December. A Reuters poll taken just two weeks ago predicted one hike this year.
The change in the Fed's tone lines up with other major central banks which have recently turned dovish, influenced by increasing concerns of a global economic slowdown and political uncertainties like Brexit and the US-China trade war.
The US economy, which slowed more than initially thought in the fourth quarter, is expected to slow further over the next three years.
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