New Fed Forecast For 2019: Slower Growth And Zero Rate Hikes

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The central bank said it was keeping its benchmark rate — which can influence everything from mortgages to credit cards to home equity lines of credit — in a range of 2.25 percent to 2.5 percent.Read more on NewsOK.com

BING NEWS:
  • Producer price increase hints at slower inflation decline
    WASHINGTON >> U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, another sign that progress towards lower inflation was ...
    11/14/2024 - 7:05 am | View Link
  • Investors are underestimating how deep rate cuts will be in 2025, Goldman says
    Goldman thinks the Fed will cut rates more aggressively than expected through the end of 2025.
    11/14/2024 - 6:21 am | View Link
  • Goldman Sachs Now Expects Slower Pace of Rate Cuts From BOE
    Goldman Sachs said it now expects the Bank of England to take a slower approach to interest-rate cuts after the UK budget lifted the outlook for both growth and inflation.
    11/14/2024 - 4:36 am | View Link
  • Economic Outlook Remains Strong With 7.2% Growth Forecast For FY25: Report
    After growth surged to 8.2 per cent in FY24, a report by Pantomath revealed that India’s economic outlook remains strong, with a 7.2 per cent growth forecast for FY25, driven by robust consumption and ...
    11/11/2024 - 5:58 pm | View Link
  • Gold (XAU) Price Forecast: Will Fed Rate Cuts Spark a Strong Rebound Rally?
    Gold holds steady near support levels as markets anticipate a Fed rate cut, with analysts forecasting potential for a strong rally. Key resistance at $2,700.
    11/6/2024 - 11:24 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News