After year of living dangerously, Fed likely to signal time to lay low

US Benchmark Monetary policy rate is one of the main drivers of the US economy. US Federal Reserve policy committee is expected to leave its benchmark rate unchanged at a level between 1.5% and 1.75% at the end of today’s two-day policy meeting. Policymakers agree that a very low US unemployment rate of 3.5% is achievable with low inflation while officials see the US economy growing at a steady 2% in 2020 according to Ed Al-Hussainy, senior interest rate analyst at Columbia Thread needle Investments. A revised trade deal between the United States, Canada and Mexico is close to final approval, and more Chinese imports tariffs are expected to be delayed as talks between Washington and Beijing on a “Phase One” deal continue.
reuters