Federal Reserve Projects No Further Rate Hikes in 2019

Thursday, March 21, 2019
GoLocalWorcester News Team

Federal Reserve chair Jerome Powell PHOTO: Official portrait/wikipedia

The Federal Reserve announced Wednesday that it sees no further rate hikes in 2019, according to the Financial Times.

This comes after a two-day meeting in Washington in which U.S. monetary policymakers voted unanimously to keep the range for the federal funds rate between 2.25 and 2.5 percent -- the same place that it has been since December.

On Tuesday, Jon Kuczmarski with Efficient Capital Strategies joined GoLocal LIVE in anticipation of the Fed meeting. 

See Video Below

According to CNBC, the Federal Reserve’s program to reduce the bonds it holds on its balance sheet will end in six months, in a move being closely watched by financial markets.

The Fed's current program is allowing $30 billion in treasury proceeds and $20 billion from mortgage-backed securities to roll off.

In May, the amount for Treasurys will drop to $15 billion.