The Trader 

Market Outlook: Nothing doing in 2019

The Trader

Following its two-day rate-setting meeting in Washington, yesterday Jerome Powell, head of the US central bank, not only kept the Fed Funds target unchanged (2.25-2.50 per cent), as expected, but said it was probably going to stay there until year-end. This is a sooner than expected end to the process which began in 2015 aiming to get interest rates back up to more ‘normal’ levels. He added that the rate at which it would trim its holdings of Treasury paper would slow. Forecasts for this year’s economic growth, inflation and unemployment were trimmed.   

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now