• Powell: Officials Now Expect Two Rate Increases Over Next Year, Down From Three

Market news

20 December 2018

Powell: Officials Now Expect Two Rate Increases Over Next Year, Down From Three

  • Economy May Not Be As Kind to Fed Forecasts in 2019

  • We See Growth Moderating Ahead

  • Tighter Financial Conditions, Weaker Global Growth Caused Officials to Markdown Projections

  • Monetary Policy Will Be Providing Smaller Boost to Economy in 2019

  • Officials Will Watch Economy Closely For Signs Stance of Policy Appropriate to Sustain Expansion

  • Median Forecast is Not Consensus Judgment, Does Not Signal Committee Plan

  • 2018 Has Been Strongest Year Since the Financial Crisis

  • Will Continue to Use Fed-Funds Rate As Primary Policy Tool

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