Heard on the Street: Concerns about low inflation should keep the Fed on hold for a prolonged period, removing a major source of uncertainty
The Federal Reserve has taken away, for now, one of the biggest uncertainties that investors face.
When they meet this week, Fed officials are all but certain to leave their target range on overnight rates on hold. Nor do they seem likely to do much of anything in the months ahead, with projections released following last month’s Fed meeting showing policy makers expect their target range to remain at the current 1.5% to 1.75% through the remainder of 2020.
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