LEHI, UT, March 11, 2019 —
The Federal Reserve last week hinted at holding off on another interest rate hike until at least the summer. The decision comes amid a number of risks that are expected to be settled in the near term, which will give policymakers a better read on the economy.
"There are a number of near-term risks that hopefully will be clarified by the summer time,” Boston Federal Reserve President Eric Rosengren stated in an interview. “We’ll certainly know whether or not there’s a trade agreement with China and whether tariffs are going up or not."
Rosengren added that "patiently waiting" is the best policy for now, while policymakers wait to see how much the economy will slow compared to last year.
Time will tell whether interest rates will rise in coming months, but most signals are pointing towards staying put. See here for the full article from the Washington Post.