Slowing global economies, the escalating trade war between Washington and Beijin...
NEW YORK/TORONTO - Slowing global economies, the escalating trade war between Washington and Beijing and a warning sign of recession flashing in the U.S. Treasury market have all fed expectations the Federal Reserve is poised to lower rates at the close of its Sept. 17-18 meeting.
John Williams, president of the hugely influential New York Federal Reserve, said on Wednesday consumer spending is “robust” and one reason the U.S. economy is in a “favorable” place.” But Williams also told reporters he expects the economy to grow at an above-trend pace of 2.0%-2.5% in 2019. Kaplan said he has lowered his growth outlook for the year and could do so again. Fed officials will submit fresh economic forecasts and views on appropriate rates just ahead of their Sept. 17-18 meeting.
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