No Rate Rises This Year, Federal Reserve Hints

Forecast for interest rates to be unchanged at the end of the current year compares with the December projections indicating two rate hikes in 2019

Alliance News 21 March, 2019 | 8:58AM Eric Compton

Jerome Powell Federal Reserve

The US Federal Reserve kept its benchmark interest rate unchanged last night and indicated that US interest rates are likely to remain unchanged for the remainder of the year, giving further support to positive equity markets.

The forecast for interest rates to be unchanged at the end of the current year compares with the December projections indicating two rate hikes in 2019.

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