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A 'ROCKY' 2019?

Jan 17, 2019 - Philadelphia Inquirer

Vanguard's chief economist, Joseph "Joe" Davis, told a packed house Wednesday morning that the U.S. economy remains healthy and that the firm is sticking with its prediction for only one more interest-rate hike by the Federal Reserve in 2019.

"We had previously expected two rate hikes in 2019, but we've reduced that to one hike," he said after his remarks to the Philadelphia Chamber of Commerce, where attendees breakfasted at the Bellevue Hotel and heard from business leaders on the region...