Market Update: Fed to Slow 2019 Rate Hikes as Downside Risks Mount

Posted Friday, December 14, 2018 by
Arslan Butt • 1 min read

The US Federal Reserve officials are expected to hike the interest rate. As per a survey conducted by one of the news agencies, the Fed will be slowing the pace of hikes in 2019 as risks to the US economy mount,

They expect the Fed will increase rates by a quarter percentage point at its December 18-19 meeting while turning back the number of moves next year to two, in March and September. In September, the economists expected three hikes coming in 2019.

So this news can keep the dollar bearish until the actual outcome from FOMC and Fed monetary policy meeting next week.

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