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Twice at most. During a meeting in December, the Fed said it plans to raise interest rates two times instead of three in 2019.
The US central bank is likely to slow the pace of hikes to pivot at around 3 percent, which is far less than the peaks of 5.25 percent and 6.5 percent in previous economic cycles. Rates higher than this could destabilize financial stability in the face of a potential recession.
Last year, CBN made 46 predictions covering the three fields of the global economy and finance, Chinese economy and finance, as well as global technology and industry. Half of them were correct, and four partly so.