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Fed to hold fire on interest rates as world economy slows

Published by Yahoo on Sun, 17 Mar 2019


There is virtually no chance the US Federal Reserve will raise interest rates in the coming week, since policymakers have all but promised to hold their fire as the global economy slows. With inflation still tame as US economic growth decelerates in 2019, economists also say Fed officials will once again lower the number of rate hikes they expect this year, from the two projected in December. Fed Chairman Jerome Powell is due to announce the second policy decision of the year on Wednesday by the rate-setting Federal Open Market Committee.
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