The Federal Reserve downgraded its outlook for the U.S. economy, and forecasting data it released suggested little appetite for raising interest rates — at all — in 2019. Wall Street couldn’t be happier over the new patience. Jerome Powell, the Fed chairman, discussed expectations of growth “at a solid pace” for the coming year, but slower than last year’s. The central bank is tracking slowdowns in household spending and business fixed investment.

Source: New York Times March 20, 2019 22:14 UTC