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FOMC Preview: Powell Likely to Stay on Hold, Open the Door to a July Cut
Oh, what a difference six months makes! Back in mid-December, the Federal Reserve raised interest rates for the ninth time this cycle and hinted that policymakers were looking to at a couple more hikes over the course of 2019. Now, after a major escalation in the trade war between the planet’s two largest economies and a sustained drop in inflationary measures, the Fed is considering multiple interest rate cuts by the end of the year: image As the above graphic shows, growth is not a particularly urgent concern for the central bank, but the coordinated deterioration in a variety of inflation indicators certainly ... (full story)