Fed seen cutting rates twice more in 2019 before holding steady

THE FEDERAL RESERVE is expected to cut interest rates by a quarter of a percentage point next week and again in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
THE FEDERAL RESERVE is expected to cut interest rates by a quarter of a percentage point next week and again in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
WASHINGTON – United States central bankers will trim interest rates by a quarter percentage point next week, and again in December, before leaving the target range for their benchmark rate at 1.5%-1.75% for an extended period, according to economists surveyed by Bloomberg. “The Fed does not want to underwrite the ongoing trade war, but has…

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