Dec 17th, 2018

'Uncertainty Weighs on the Market' Ahead of FOMC Meeting

Federal Reserve officials will pull the trigger on another interest-rate increase next week before slowing the pace of hikes in 2019 as risks to the U.S. economy mount, according to a new Bloomberg survey of economists. They expect the Fed will raise rates by a quarter percentage point at its Dec. 18-19 meeting while dialing back the number of moves next year to two, in March and September, from the three hikes economists saw in September. Gershon Distenfeld, co-head of fixed income at AllianceBernstein, Kathleen Gaffney, director of diversified fixed income at Eaton Vance, and Luke Hickmore, senior investment manager at Aberdeen Standard Investments, talk about the changing expectations for the Fed's rate path. (Source: Bloomberg)