Tuesday, 15 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Fed, Seeing Slower Growth and Softer Inflation, Now Projects No Rate Hikes This Year
Thursday, 21 March 2019 02:15 WIB | FISCAL & MONETARY |Federal ReserveThe Fed

Federal Reserve officials, seeing slower growth and softer inflation ahead, said Wednesday they don™t expect to hike interest rates much at all over the next three years.

The new median forecast of Fed officials in the œdot-plot graph was for no more interest-rate hike this year. The central bankers see one move in 2020. The prior Fed forecast was for two rate hikes this year and then one more next year.

Policy makers also announced they will begin to taper the runoff of the $4 trillion balance sheet in May and end it in September.

The Fed said in a statement after its two-day meeting that it was holding its benchmark rate between 2.25% and 2.5%. Policy makers repeated they could be œpatient about what further œadjustments to make to interest rates.

Source : Market Watch

RELATED NEWS
The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs...
Tuesday, 15 October 2019 08:06 WIB

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertaint...

ECB Meeting Account Shows Officials Far Apart on Stimulus...
Thursday, 10 October 2019 19:52 WIB

European Central Bank officials were far apart on the elements of the monetary stimulus package that led to public acrimony after last month™s decision. The account of the Sept. 11-12 meeting ...

FOMC minutes: Most fed policymakers believed 25 basis point cut needed...
Thursday, 10 October 2019 01:22 WIB

According to the minutes from the Federal Open Market Committee's (FOMC) September 17-18 monetary policy meeting, most policymakers believed that a 25 basis points rate cut was needed citing economic ...

Powell Speech: Fed's Strategy And Tools Have Been, And Remain, Effective...
Wednesday, 9 October 2019 22:25 WIB

While speaking to a group of local business and community leaders at the Federal Reserve System™s Fed Listens program, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, r...

Breaking: Fed's Powell says there is no reason why expansion can't continue...
Wednesday, 9 October 2019 03:19 WIB

While responding to questions from the audience following his prepared speech at an event organised by the National Association of Business Economists in Denver, Federal Open Market Committee (FOMC) C...

LATEST NEWS
Hong Kong stocks end lowers

Hong Kong shares closed with slight losses Tuesday following three days of gains, while investors were fretting over the limited scope and lack of detail in last week's mini China-US trade deal. The Hang Seng Index eased 0.07 percent, or 17.92...

Pound Leaps Again as Barnier Stokes Brexit Deal Hopes

The British pound took center stage again on Tuesday, rising sharply against the dollar and euro on renewed speculation of a deal to allow the U.K. to leave the EU smoothly at the end of the month. By 3 AM ET, GBP/USD was at $1.2667, up 0.5%,...

European stocks jump as EU negotiator says Brexit deal is still possible

European stocks rose at Tuesday's open after European Union negotiator Michel Barnier said a Brexit deal between the bloc and the U.K. is still possible this week. The pan-European Stoxx 600 climbed 0.7% in early trade, with banks, retail and...

POPULAR NEWS
Gold Flirts With $1,500 Again on New Trade War Worries
Tuesday, 15 October 2019 03:33 WIB

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of...

Gold Edge Higher on Trade Optimism; Palladium at Record
Monday, 14 October 2019 16:23 WIB

Gold holds below its 50-day moving average after dropping last week on U.S.-China trade optimism. Palladium hit a fresh record. Spot...

Hong Kong stocks end with healthy gains
Monday, 14 October 2019 15:29 WIB

Shares rallied on Monday in Hong Kong after China and the United States announced a partial trade deal that eased tensions between the economic...

Gold prices rise as the Fed announced the start of a 'massive' bond buying program
Monday, 14 October 2019 21:52 WIB

Gold futures rose Monday, looking to post their first gain in three sessions, finding support as the so-called ''phase one'' of the U.S.-China trade...