Three things to watch for from the Federal Reserve today

Three things to watch for from the Federal Reserve today

FILE- In this Jan. 30, 2019, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. The Fed has made clear that with a dimmer economic picture in both the United States and globally, it no longer sees the need to keep raising rates as it did four times in 2018. (AP Photo/Alex Brandon, File) WASHINGTON (AP) — The Federal Reserve is considered sure to leave its key short-term interest rate unchanged Wednesday and to stress its new watchword — “patient”— in conveying its intention to leave rates alone for the foreseeable future. The Fed has made clear that with a dimmer economic picture in both the United States and globally, it no longer sees the need to keep raising rates as it did four times in 2018. Among the key factors, besides slower growth, are President Donald Trump’s trade war with China, continually low inflation levels and Prime Minister Theresa May’s struggle to execute Britain’s exit from the European Union. Besides issuing a policy statement Wednesday, the Fed will update its forecasts for the economy and interest rates, and Chairman Jerome Powell will hold a news conference. Analysts will be looking for any fresh hints of how the Fed intends to manage its rate policies in the coming months. The Fed’s meeting, which began Tuesday, will end Wednesday afternoon. Here are three things to watch for: WHITHER RATES? The Fed is set to leave its benchmark rate — which can influence everything from mortgages to credit […]

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