Fed is done raising interest rates until at least the end of next year, according to economists polled

The US Federal Reserve is done raising interest rates until at least the end of next year, according to economists in a Reuters poll who gave a 40 percent chance of at least one rate cut by end-2020.

BENGALURU - The US Federal Reserve is done raising interest rates until at least the end of next year, according to economists in a Reuters poll who gave a 40 percent chance of at least one rate cut by end-2020. While the Fed's projections show one rate hike next year, the latest Reuters poll of over 100 economists taken after the March 19-20 central bank meeting showed the fed funds rate will stay at the current range of 2.25-2.50 percent until at least end-2020."The most dramatic development of the year to date has not been on either trade policy or politics.

The Fed's preferred measure of inflation is close to the 2 percent target and is not expected to show any significant pick up anytime soon. The US economy, which slowed more than initially thought in the fourth quarter, is expected to slow further over the next three years. About one-third predicted a greater than 50 percent chance of lower rates by the end of next year, with the highest forecast at 100 percent.

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