DJIA25248.48
LIVE167.98(0.67%)
NDX6875.66
LIVE105.79(1.56%)

Fed Holds Rates Steady And Stays on Course For More Gradual Hikes


Friday, 9 November 2018 02:16 WIB

Federal ReserveThe FedEkonomi AS


c_740_198_16777215_00_images_assets_Federal-Reserve.jpg

The Federal Reserve on Thursday held interest rates steady while signaling that it will stay the course and move rates up at a gradual pace in coming months.

As expected, the Fed kept its benchmark target for rates unchanged in a 2% to 2.25% range.

The central bankers left the core of its September statement unchanged.

“The Committee expects further gradual increases in the target range for the federal funds rate,” the statement said.

It said the risks to the economic outlook “appear roughly balanced.” And it said that inflation remains near its 2% target.

The only tweak in the statement was to note that the growth of business investment had moderated in the third quarter.

There were no dissents from the statement.

Looking ahead, investors see a roughly 80% chance of a December quarter-point move.

In September, a strong majority of Fed officials had forecast the fed funds rate would be a quarter point higher by year end.

The lack of any shift in tone of the statement suggests the Fed is still penciling in three rate hikes for 2019.

The market is more dovish, only seeing two hikes next year.

The Fed statement made no mention of the increased volatility in financial markets since the last FOMC meeting.

The Dow Jones Industrial had risen ahead of the release of the statement. The 10-year Treasury note yield was steady around 3.233%.

Source : Marketwatch


RELATED NEWS

  • Reserve Bank of Australia telah merilis suku bunga resmi tidak berubah selama 27 bulan berturut-turut. Rekor terendahnya tingkat suku bunga semalam sebesar 1,5 persen diperkirakan tidak akan disesuai...

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.