Dot plot shows just one rate hike in 2019 as Fed signals end of balance-sheet runoff by September

WASHINGTON - The Federal Reserve signaled just one more increase in interest rates this year and none in 2020, according to its new 'dot plot,' and the bank said it would end its balance-sheet runoff by September. Before a marked shift in strategy in January, the central bank had previously indicated it would raise rates twice this year and once more in 2020. The Fed cited slower economic growth and persistently low inflation. The bank cut its GDP estimate in 2019 to 2.1% from 2.3%.

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Fed Officials Wrestle With a ‘Dot Plot’ DilemmaFederal Reserve officials aren’t quite sure what to do about their dots. Most of them see the dot plot of individual projections for interest rates as a valuable tool, but it has increasingly contributed to investor confusion. 👆🙉💣💥 tradnews_ Dot Plots are for babies. More like a TOYSRUS foolish toy. FED needs to get real. They cratered growth with their folly with a policy error that cost us $3.7 trillion fundstrat jimcramer LouDobbs brithume BretBaier cvpayne
Source: WSJ - 🏆 98. / 63 Read more »