Wednesday, January 30, 2019

BREAKING Fed Leaves Rates Unchanged

As broadly expected, following a meeting of the FOMC, the Federal Reserve monetary policy-setting committee, the Fed has announced that it will maintain the interest rates it controls at current levels.

The target rate for the Fed funds rate will remain between 2.25% and 2.50%


The accompanying Fed statement was, in many ways, very dovish.


The Fed released updated guidance around how it is shrinking asset portfolio operation by indicating officials had agreed to technical changes that could result in the Fed putting an end to its balance sheet drain.


The Fed also removed from its statement of "gradual rate hike" guidance.


1 comment:

  1. This is the how and why I went from working on the Ron Paul campaign in 2007 to "willing to support" a Sanders/Cortez ticket for 2020.

    Burn the system to the ground.