The Fed: Fed, seeing slower growth and softer inflation, now projects no rate hikes this year

CBS News
Fed Chairman Jerome Powell talks with Scott Pelley of the CBS News program “60 Minutes” on March 10, 2019.

The Federal Reserve on Wednesday signaled it’s almost done raising interest rates, saying the economy is in a “good place” and that inflation poses little threat.

Adopting a very dovish tone, the central bank’s new “dot plot” showed no increases in interest rates this year and only one in 2019, down from a total of four rate hikes in the Fed’s last forecast in December.

Senior Fed officials also announced they will begin to taper the runoff of the $4 trillion balance sheet in May and end it in September.

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