The Federal Open Market Committee released its quarterly economic forecast, which includes the so-called dot plot of where members anticipate interest rates to head.
div > div.group > p:first-child"> The Federal Reserve said Wednesday it expects the benchmark rate to remain at 2.4 percent by the end of 2019, slashing its forecast from 2 hikes for the year to none.
The Fed said its benchmark rate will approach 2.6 percent in 2020 and remain at that level through 2021. Chairman Jerome Powell and the Fed have softened their approach toward interest rates after spooking markets late last year. In January, Powell said the case for raising interest rates had weakened and the committee vowed to take a more"patient" approach toward hiking rates.
Every quarter, Fed policymakers submit their projections for where they expect short-term interest rates to go. These submissions are visualized in a so-called dot plot, which shows how many members think rates will hit a given level over the short, medium and longer run.
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.
The Latest: Federal Reserve signals no rate hike in 2019BREAKING: The Federal Reserve is leaving its key interest rate unchanged and projecting no rate hikes in 2019, dramatically underscoring its plan to be 'patient' about any further increases.
Read more »
One Free Press Coalition's '10 Most Urgent' list, March 2019Yahoo News is a member of the One Free Press Coalition, and is publishing this list to highlight the increasingly dangerous climate for journalism and free expression around the world, in an effort to roll back repressive anti-press policies.
Read more »
Here Are The Best Places To Order Your Contacts OnlineThese online shops make it significantly easier to order your lenses and have 'em delivered right to your door. Let us sing: I CAN SEE CLEARLY NOW because I finally remembered to reorder my contacts.
Read more »
2019 March Madness Bracket Contest Prize: $1 Million A Year For Life From Warren BuffettFamed investor Warren Buffett is offering his nearly 400,000 employees at Berkshire Hathaway companies a chance to win $1 million a year for life. The catch: You need to pick the correct Sweet 16 in the men’s NCAA basketball tournament.
Read more »
'Greenest' New Cars For 2019Are you looking for a 'green' vehicle? Here are the top 5 to purchase in 2019:
Read more »
Malaysia's Richest 2019: Genting Battles Fox And Disney Amid Casino WoesPolitical and legal tangles at home, combined with business ills abroad, vexed gaming tycoon Lim Kok Thay in the past year.
Read more »
30 Under 30 Europe 2019: CelebritiesWhy being creative is the best outlet for ForbesUnder30 honoree Anya Taylor-Joy:
Read more »
Dollar General's 2019 profit forecast disappoints, shares fall 6%Dollar General reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer's stores.
Read more »
GE shares drop after giving 2019 earnings forecast lower than Wall Street estimatesGeneral Electric gave shareholders an updated earnings forecast on Thursday.
Read more »