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Fed to hold US rates steady at final 2019 meeting

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WASHINGTON (AFP) - The Federal Reserve on Wednesday (Dec 11) was due to resume its final policy meeting of 2019, with markets overwhelmingly expecting the central bank to leave interest rates untouched.. Read more at straitstimes.com.

WASHINGTON - The Federal Reserve on Wednesday was due to resume its final policy meeting of 2019, with markets overwhelmingly expecting the central bank to leave interest rates untouched.

The Fed is due to announce its latest decision, along with a new set of economic forecasts, at 3pm on Thursday, Singapore time, followed by a news conference by Fed chairman Jerome Powell shortly afterward. "This just leaves the Fed very comfortably on the sidelines for 2020, or at least as we enter the new year," Diane Swonk, chief economist at Grant Thornton, told AFP.

SOME DARK CLOUDS The chances of a recession within the next 12 months, according to the New York Federal Reserve Bank, have also begun to decline -- though odds are still pretty high at about one in three.

 

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