The Fed Ties a Bow on 2019
The Federal Reserve (Fed) officially tied a bow on 2019 with another policy pivot.
On December 11, the Fed announced it would leave rates unchanged, concluding a string of three 25-basis point (0.25%) rate cuts from July to October.
Investors expected the Fed would leave rates unchanged after Fed Chair Jerome Powell clearly messaged the end of rate cuts at the previous meeting. What was more interesting, though, was policymakers’ rate projections, illustrated on the updated “dot plot.” As shown in the LPL Chart of the Day, policymakers now expect the fed funds rate to stay unchanged through the end
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