Heard on the Street: Fed officials would like to spend the next year not doing much of anything. They probably won’t get their wish.
Federal Reserve officials would like to spend the next year not doing much of anything. They probably won’t get their wish.
The Fed starts a two-day policy meeting on Tuesday and at its conclusion the central bank will almost certainly leave rates on hold. An active year, during which it reversed course on its planned rate increases and then conducted three “insurance” rate cuts on worries that trade tensions and global weakness would put the economy at risk of recession, is ending on a muted tone.
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