The US Federal Reserve said it expects interest rates to remain at current levels through 2020, as it put an end to its easing cycle on Wednesday (11 December) evening.
The Fed said it believed "the current stance of monetary policy is appropriate", as it dropped references to economic "uncertainties" clouding the outlook. Fed chair Jerome Powell said there would need to be a "significant move up in inflation that is also persistent" before rates would rise again. Schroders multi-asset team backs equities as recession risk falls The fed funds rate, therefore, will remain at its current 1.5% to 1.75% level "for the foreseeable future", predicted Andrew Hunter, senior US economist at Capital Economics. Neil Birrell, CIO at Premier Miton Investors...
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