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.
Source: Financial Digest (financialdigest.net)
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