The Federal Reserve is set to leave its benchmark interest rate unchanged Wednesday and will likely signal that it expects rates to remain low well into next year despite a robust job market.
Many economists have said they think sluggish growth will even compel the Fed to cut rates at least once in 2020.
A forecast from the Fed for continued low rates would reflect how its assessment of the economy is evolving. Persistently low inflation with very low unemployment has increasingly led many Fed officials to conclude that rates can remain lower for much longer than they thought without spurring higher prices.
