This BLOG On FED Keep Rates Unchanged For Remaining Of The Year 2019 Was PUBLISHED On March 20th, 2019
FED Keep Rates Unchanged for the remaining of the year it was announced today. The Federal Reserve Board, which announced earlier that they will just leave interest rates unchanged for the first quarter and take a let’s see approach, announced they will not increase interest rates for the rest of 2019. This is a bold statement. Many economists and industry experts predicted maybe the Federal Reserve Board will issue a statement that it will not increase interest rates for the second quarter. However, they took a step further and made the statement that the interest rate will remain unchanged for the rest of the year.
Many industry experts think that the Federal Reserve Boards decision to halt increasing interest rates for the remaining of the year signals concerns that the economy is slowing. Lower prices on energy is a sign of potential inflation. National turmoil and unrest is another concern. The decision for the FED Keep Rates Unchanged at the fed funds rate steady at 2.25% to 2.5% was unanimous at 10 to 0. There were many factors involved in the decision of the FED Keep Rates Unchanged for the remaining of the year. International concerns probably played a role as well. The slower than expected growth overseas in China and Europe. The potential uncertainty of Britain’s exit from the European Union (EU) may also have been a concern to Chairman Jerome Powell.
Experts estimate the unemployment number is going to be higher than expected at 3.7% by the end of 2019. Previously, the expected unemployment numbers were 3.5%. Mortgage rates are at an 8 month low and are expected to slightly slide which is great news for home buyers. Mortgage Rates has been at its highest levels since the 2008 Great Recession.
