Fed Likely to Keep Rate Unchanged

• Federal Reserve Chairman Jerome Powell signaled interest rates would probably remain on hold, saying that he sees “the glass as much more than half full.”
• He restated his well-worn caveat that interest rates are not on a preset course, and the Fed would adjust if there were a “material” change to its outlook.
• Investors and economists meanwhile are touting a further steepening of the yield curve in their hot 2020 trades for Wall Street. 

(Source: Bloomberg)