LANSING, Mich. (WILX) - The Federal Reserve Bank indicates it will slow down rate hikes in 2019.
Minutes of the Fed's December meeting showed that policymakers judged that "The appropriate extent and timing of future policy firming [is] less clear than earlier."
The central bank noted there were a number of headwinds that could pose downside risks to the us economy in the new year, including a sharper than expected slowdown in global economic growth, a more rapid waning of fiscal stimulus, an escalation in trade tensions and a greater than expected negative effect of rising interest rates.
So far, the feds have only penciled in two rate hikes in 2019.
There were four rate hikes in 2018.