After year of living dangerously, Fed expected to signal time to lie low
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WASHINGTON (Reuters) - The U.S. Federal Reserve holds its last policy meeting of 2019 on Wednesday, having completed a year-long U-turn that saw it abandon a tightening cycle and lower borrowing costs three times in response to the global trade war.The policy shift has slashed officials' forecast for the U.S. central bank's benchmark overnight lending rate over 2020 to a level half what it was when Fed Chairman Jerome Powell took the reins in February 2018. The Fed is expected to leave its..