Fed to hold fire on interest rates as world economy slows

Economists also say Fed officials will once again lower the number of rate hikes they expect this year.in the coming week since policymakers have all but promised to hold their fire as the global economy slows.

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. And investors now put the odds at one in three that the central bank will reverse directions and begin cutting rates in the next 10 months.Some economists warn that is unlikely: with unemployment falling and eventually pushing wages higher, inflation might rear its head as soon as the summer, compelling the Fed to act.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Slow growth hits lending to SMEsAlongside issues such as the level of black ownership of banks, the lack of funding for small black-owned business is often cited as a stumbling block to transforming the sector and the wider economy.
Source: mailandguardian - 🏆 2. / 92 Read more »