Rate hike? What rate hike?
- Federal Reserve Chair Jerome Powell said policymakers are “going to be patient and watching, and waiting and seeing” before adjusting interest rates again.
- Still, the bank is intent on cashing in on maturing debt rather than re-investing it to attain a “substantially smaller” balance sheet, he said.
- Analysts now see the once widely expected March rate hike as off the table with numerous Fed speakers increasing their dovish tones.