By Canadian Press

Most Fed officials see rates staying on hold for all of 2019

Apr 10, 2019 | 12:11 PM

WASHINGTON — A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed’s benchmark policy unchanged for the rest of this year.

Several officials said their view could shift in either direction based on incoming data, according to minutes of the meeting.

A shift to a view of weaker growth and lower inflation could prompt the Fed to cut rates, while a shift to a view of faster growth and rising inflation could prompt the Fed to resume raising rates.

The Fed at its March 19-20 meeting left its key policy rate unchanged and trimmed its expectations of rate hikes this year from two to none.

Seasonal Sorrow

How Do You Get Through The Holidays When You're Grieving?

Nov 01, 2024

Upcoming Events at Oliver's

Grief & Loss and Estate Planning Seminars

Oct 02, 2024

Local History

Oliver's Funeral Home - 109 years of Service

Sep 04, 2024

Some economists believe the Fed could actually start cutting rates later this year if the economy slows more.

Martin Crutsinger, The Associated Press