• SENSEX
    NIFTY 50
Finance

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.
US Fed Reserve done raising interest rates; significant chance of cut in 2020, says poll
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV