8 months US Fed to remain patient on rate hikes Manilatimes |Biz
WASHINGTON, D.C.: The US Federal Reserve will make its first interest rate announcement of the year on Wednesday (Thursday in Manila) but almost certainly will make it clear it will remain patient about any further moves. The US central bank increased the benchmark rate four times last year but rising concerns about a slowing US economy, amid a trade war with China, prompted officials to signal they will take time to gauge the economy’s performance. A five-week government shutdown also dented economic performance in the first quarter of the year although most of that is expected to be recovered. Federal Reserve Chairman ... more