Vanguard economic and market outlook for 2019: Down but ...
In the United States, we still expect the Fed to reach terminal rate for this cycle in the summer of 2019, bringing the policy rate range to 2.75%–3% before halting further increases in the face of nonaccelerating inflation and decelerating growth. Other developed-market central banks will only begin to lift interest rates from postcrisis lows. ................
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