Fed sees no rate hike in 2020 in new projections
The central bank's median rate is forecast to hold steady at 1.6%.Andrew Harrer | Bloomberg | Getty Imagesholding rates steadyThe central bank's median rate is forecast to hold steady at 1.6% through the end of next year. One rate hike is forecast for 2021.about future action on the fed funds rate.The Fed began slashing interest rates in July to boost the economy as the U.S.-China trade war weighs on global growth.
It was the first rate cut since the financial crisis. The central bankFed Chairman Jerome Powell has repeatedly said the central bank will act as appropriate to sustain the economy. The U.S.Every quarter, members of the Federal Open Market Committee forecast where interest rates will go in the short, medium and long term. These projections are represented visually in charts below called a dot plot.
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