Traders work as Federal Reserve Chairman Jerome Powell gives a press conference following the announcement of a rate increase in December 2018. Photo: EPA
How many more times will the US Fed raise rates in 2019? Just once, says Vanguard
- The forecast end to the rate increase cycle will put a floor under declining stock markets
- The mutual fund manager expects China’s economic growth to stabilise in second half of the year
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Federal Reserve
Traders work as Federal Reserve Chairman Jerome Powell gives a press conference following the announcement of a rate increase in December 2018. Photo: EPA