The Fed moves to a neutral policy

On March 20, the decision on rates was published and kept unchanged to 2.25 - 2.50%.

The Fed has changed and the GDP growth forecast for 2019 was noticeably downward from the range of 2.3-3.5 % to 1.9-2.2%.

The text of the Fed statement emphasized the neutral position of the Fed with the desire to ensure a balance between supporting GDP growth and controlling inflation.

All these suggest that the Fed stopped raising rates for a long period of time and perhaps, the next Fed action will not be a raise but a rate cut.

The material has been provided by InstaForex Company - www.instaforex.com