Home Fed to keep rates unchanged until December – JP Morgan

Fed to keep rates unchanged until December – JP Morgan

Published date: 18 Feb. 2019 | 01:47

JP Morgan Chase & Co expects the Federal Reserve to keep interest rates on hold before a rate hike in December.

The investment bank previously forecast two quarter-point federal funds rate hikes this year to a target range of up to 3 percent and another two increases in 2020, to 3.5 percent, according to Reuters.

The bank now expects the Fed to deliver just one hike this year and another in 2020.

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