Publicator: Bankrate

Forecast survey: Expect Fed to slash interest rates near zero in 2020 to battle coronavirus fallout

The Federal Reserve’s first emergency rate cut since the 2008 financial crisis likely won’t be the last reduction this year, according to the nation’s leading U.S. central banking experts. The Fed is widely expected to trim interest rates by half a percentage point – matching the size of its unscheduled March 3 cut – when it concludes its next two-day meeting Wednesday, according to economists polled for Bankrate’s March 2020 Federal Reserve Forecast survey. After that, the Fed is largely […]   Read More
Date: April 23, 2020