The U.S. Federal Reserve’s new “wait and see” policy approach will still probably lead to one interest-rate hike before year end, and another in 2020, a top Fed official said on Wednesday.
Offering a clearer picture of his policy expectations than most other U.S. central bankers, Philadelphia Fed President Patrick Harker said the U.S. economy is generally in good shape and risks are only very slightly tilted to the downside. READ MORE...