The U.S. Federal Reserve is done raising interest rates until at least the end o...
BENGALURU - The U.S. Federal Reserve is done raising interest rates until at least the end of next year, while about a third of economists polled by Reuters who had a view that far out predicted at least one rate cut by then.
In a March 15 poll, more than 70 percent of economists had penciled in a hike this year. But a similar majority predicted no hikes or at least one rate cut by the end of 2020 in a March 29 survey, right after the Fed dramatically shifted its “dot plot” projections to suggest no more hikes this year. But core PCE inflation - which the Fed watches closely - is not forecast to rise significantly. It is instead predicted to remain below the 2 percent target in each quarter this year and average 2 percent in each quarter next year.
The current quarter’s expansion was pegged at 2.5 percent but momentum is expected to gradually ease after that, falling to 1.8 percent in the first quarter of 2020.While the median probability of a U.S. recession in the coming 12 months held steady at 25 percent compared to the previous month, it was down to 35 percent for the next two years from 40 percent in the March poll.
But the bond market is telling a different story, with the yield gap between U.S. 3-month bill rates and 10-year Treasuries - closely watched by the Fed and increasingly so by market participants - inverting in March.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Minorities, older adults boost Biden atop 2020 Democratic field: Reuters/Ipsos pollFormer Vice President Joe Biden leads all other candidates for the 2020 Democrat...
Read more »
Minorities, older adults boost Biden atop 2020 Democratic field: Reuters/Ipsos pollThe April 17-23 poll released on Wednesday focused on the vote preferences of 2,237 Democrats and independents: the two groups that may select the Democratic nominee in most of the statewide contests ahead of the 2020 general election. Another 15 percent said they would support U.S. Senator Bernie Sanders
Read more »
BOJ commits to very low rates at least through spring 2020, keeps policy steadyThe Bank of Japan kept monetary policy steady on Thursday and clarified its inte...
Read more »
Bank of England to refrain from rate hike until August 2020: NIESRThe Bank of England is likely to keep interest rates on hold until August 2020 b...
Read more »
Here are the most interesting races in the 2020 fight for Senate controlDemocrats would have to flip four Republican-held Senate seats next year to win control of the Senate and take away a critical buffer for Trump.
Read more »
Former Vice President Joe Biden launches 2020 presidential campaignThe 76-year-old Biden joins a large and diverse field of more than a dozen Democrats hoping to become president in 2020.
Read more »
The unconventional way this man paid off $70,000 in student loans in 1 yearThe unconventional way this man paid off $70,000 in student loans in 1 year. via CNBCMakeIt
Read more »
Most 2020 Democratic presidential candidates agree on recreational marijuana: Legalize itNearly every candidate support federal legalization of recreational marijuana and many call for expunging federal charges for those prosecuted.
Read more »
Five takeaways on how the 2020 candidates are spending their moneyDemocratic presidential candidates are spending heavily on building up their digital game, which will be key to surviving the primaries.
Read more »
Nielsen's CEO says asking for immigration status on the 2020 census will hurt the economyDavid Kenny says businesses rely on the census to make decisions regarding consumer behavior, and asking for citizenship will result in flawed data
Read more »
Here are the 20 Democrats who have said they're running for presidentThe 2020 election Democratic field is taking shape, with candidates revealing their intentions on a seemingly everyday basis. View the list of who is running for president.
Read more »