No Fed hike this week but don't rule out more in 2019, say analysts

The US Federal Reserve building in Washington. While futures markets are betting on the Fed standing pat this year, economists suggest the key lending rate could be raised as soon as spring.
The US Federal Reserve building in Washington. While futures markets are betting on the Fed standing pat this year, economists suggest the key lending rate could be raised as soon as spring.PHOTO: REUTERS

WASHINGTON • The US Federal Reserve will hold its fire this week, leaving interest rates untouched and letting markets calm down after a tumultuous end to 2018.

Coming off Wall Street's worst December since the Great Depression and amid mounting fears over the global economy, Fed policymakers are now unanimously hammering a single message: They will be "patient" before pulling the trigger again.

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A version of this article appeared in the print edition of The Straits Times on January 28, 2019, with the headline 'No Fed hike this week but don't rule out more in 2019, say analysts'. Subscribe