FOMC lowers federal funds rate by 25 basis points to 2% - 2.25% range as expected
Thursday, 1 August 2019 01:34 WIB | FISCAL & MONETARY |FOMC
Following its 2-day meeting, the Federal Open Market Committee announced that it lowered the benchmark interest rate by 25 basis points to the target range of 2% - 2.25% in a widely expected decision. Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is scheduled to deliver his comments on the monetary policy in a press conference at 18:30 GMT.
With the initial reaction, the US Dollar Index gained traction and rose to its highest level since May 23 at 98.32.
"In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent."
"As the Committee contemplates the future path of the target range for the federal funds rate, it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective."
"In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective."
Source : FXstreet
Thursday, 12 December 2019 20:05 WIB
The European Central Bank kept monetary stimulus unchanged at President Christine Lagarde™s first policy meeting, shifting the focus to when she™ll announce her review of the instit...
Thursday, 12 December 2019 02:20 WIB
The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy.
The Fed's so-called dot plot shows no rate hikes in ...
Tuesday, 3 December 2019 10:56 WIB
Australia™s central bank kept interest rates unchanged as it waits for three cuts since June to flow through to areas of the economy beyond the property market.
Reserve Bank Governor ...
Monday, 2 December 2019 21:20 WIB
The European Central Bank (ECB) President Christine Lagarde, testifying before the European Parliament this Monday, said that the region's economic growth remains weak and this weakness has been mainl...
Thursday, 28 November 2019 13:01 WIB
Spending for disaster relief, concern over impact of global slowdown in Japan's economy should be better addressed by govt with fiscal, structural policies.
Fiscal space for japanese government is so...