Market Update: Fed to Slow 2019 Rate Hikes as Downside Risks Mount
Fed will increase rates by a quarter percentage point at its Dec. 18-19 meeting while turning back the number of moves next year to two,..
Arslan Butt•Friday, December 14, 2018•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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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