Powell stated that a rate hike is not the current baseline expectation, suggesting that interest rates may remain unchanged in the short term

BlockBeats News, December 11th, Federal Reserve Chairman Powell stated at a press conference that, given that the central bank policymakers' new projections do not reflect the fundamentals, the Fed's next move is unlikely to be a rate hike.

He said, "I don't think a rate hike is anyone's baseline expectation." At the same time, Powell hinted that interest rates may remain unchanged in the short term. (FXStreet)