The Fed: No more rate increases in 2019

After its March meeting, the Federal Reserve decided to leave short term interest rates unchanged and announced that no changes are likely for the rest of the year. This is after raising rates for five successive quarters dating back to late 2017.

Analysts noted that it is possible that interest rates might actually be lowered at some point this year.

Federal Reserve Chairman Powell said that the economy is “in a good place” although he mentioned that it is slowing compared to previous years and is likely to slow even further in 2020.

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