Today, citing slowing economic growth, the Fed held rates steady and sent strong signals that there might be no more rate hikes at all this year. Most Fed officials whose estimates appeared in a new “dot plot” projecting future rates on Wednesday projected no increase in 2019. Chances of a Fed rate cut by the end of the year quickly climbed to above 35% after the Fed decision, according to the CME futures market. Checking the DotsAlong with its statement, the Fed issued an updated “dot plot” showing where Fed officials see rates going in coming years. Rates have fallen from above 3.2% last fall as investors factor out chances of more Fed rate hikes and as the global economy slows.

Source: Forbes March 20, 2019 19:30 UTC