Thanks to interest rate hikes, the Fed's next move could be a series of rate cuts

begin quote from:Thanks to interest rate hikes, the Fed's next move could be a series of rate cuts

The Federal Reserve’s interest rate hikes — something market observers and President Donald Trump once widely characterized as a policy error — may become the Federal Reserve’s saving grace in the face of a slowing global economy. On Wednesday, the Fed held its benchmark rate steady at 2.25-2.50%, after a …