DJIA28015.06
LIVE337.27(1.22%)
NDX8397.37
LIVE88.97(1.07%)

FOMC minutes: Most fed policymakers believed 25 basis point cut needed

Thursday, 10 October 2019 01:22 WIB Federal Reserve FOMC FOMC Meeting Minutes

According to the minutes from the Federal Open Market Committee's (FOMC) September 17-18 monetary policy meeting, most policymakers believed that a 25 basis points rate cut was needed citing economic outlook, risk management and inflation objectives. The US Dollar Index largely ignored the statement and was last flat on the day at 99.12. Below are some other key take aways as reported by Reuters. "Several participants said statistical models on the likelihood of a recession in medium-term had increased notably in recent months." "Policymakers generally more concerned about risks associated with trade tensions, geopolitics and global economy." Source : FXstreet

Read more...

RECENT NEWS

While speaking to a group of local business and community leaders at the Federal Reserve System’s Fed Listens program, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, repeated that the Fed's strategy and tools have...

While responding to questions from the audience following his prepared speech at an event organised by the National Association of Business Economists in Denver, Federal Open Market Committee (FOMC) Chairman Jerome Powell said that there was no...

Monetary

Fiscal

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.