Economics
The Fed's Likely to Take a Rate-Hike Breather in 2019
- Powell to give policy, economic update Wednesday in New York
- More flexibility with all eight FOMC meetings live next year
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Federal Reserve Chairman Jerome Powell and his colleagues are likely to turn more wary about marching interest rates higher after delivering a widely anticipated quarter percentage-point increase in December.
Prospects for slowing global economic growth, fading U.S. fiscal stimulus and volatile financial markets all argue for more caution once officials lift rates next month near or into neutral territory, where policy neither spurs nor reins in economic activity.