DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Fed officials more upbeat about the economic outlook this year, minutes show
Thursday, 20 February 2020 02:35 WIB | FISCAL & MONETARY |Fiskal & Moneter

Federal Reserve officials and the central bank™s staff said the U.S. economy seemed stronger in late January than they had expected, according to minutes of their late-January meeting released Wednesday.

The risks to the outlook were more favorable than had appeared at their meeting in mid-December.

There were concerns expressed during their discussions about the threat of the coronavirus outbreak in China, and also of tensions in the Middle East.

The Fed staff™s projection for U.S. GDP growth was stronger at the January meeting than in the previous forecast. The staff also said that downside risks had diminished.

There was also some optimism about the outlook for inflation, which has lagged below the Fed™s 2% target.

Most Fed officials said they generally expected inflation to move closer to the central bank™s 2% target.

Despite the optimism, Fed officials were careful not to signal any change in interest rates.

The central bank cut rates three times last year and has signaled an on-hold policy stance, absent significant changes to the outlook.

In their discussion, Fed officials saw good reasons for leaving benchmark rates unchanged.

They discussed about how œmaintaining the current policy stance for a time could be helpful in supporting U.S. economic activity in the face of global developments that have been weighing on spending decisions, the minutes said.

The current degree of accommodation would also be useful in pushing inflation to the 2% target, officials said.

Source: Marketwatch

RELATED NEWS
RBA Highlights Recovery Uncertainties as Second Wave Threatens...
Tuesday, 7 July 2020 14:06 WIB

Australia™s central bank chief highlighted worries among households and businesses about the health and economic outlook, as the nation™s successful run of Covid-19 containment was rocked by a new...

ECB's Lagarde: Economic recovery will be a complicated matter...
Friday, 26 June 2020 15:19 WIB

European Central Bank (ECB) President Christine Lagarde, while presenting at an Online Summit organised by the European Business Leaders' Convention, said that we probably have passed the lowest point...

Bank of England Steps Up Virus Fight With Bond-Buying Boost...
Thursday, 18 June 2020 18:35 WIB

The Bank of England intensified its response to the fallout from the coronavirus by expanding its bond-buying program, taking another step in the uphill battle to lift the economy out of the...

SNB Focuses on Franc Intervention With Rates Kept on Hold...
Thursday, 18 June 2020 14:48 WIB

The Swiss National Bank said aggressive foreign exchange interventions remain its main tool for pushing back against the appreciation in the franc caused by the coronavirus pandemic. K...

Fed Powell Beats Drum For More Government Aid To Bolster Economy...
Thursday, 18 June 2020 03:26 WIB

The U.S. economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the pandemic ongoing, it will need more help, Federal Rese...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.