Minutes of the Federal Open Market Committee October 29–30, 2019 – Forex Factory

0
11
views
Minutes of the Federal Open Market Committee October 29–30, 2019 - Forex Factory

From cnbc.com

Federal Reserve officials generally agreed that they likely won’t need to cut interest rates again unless economic conditions change significantly, according to minutes released Wednesday from their most recent meeting. Central bankers in late October cut their benchmark overnight lending rate a quarter-point to a range of 1.5%-1.75%, the third such move in 2019. However, in doing so “most” Federal Open Market Committee members saw the moves as enough “to support the outlook of moderate growth, a strong labor market, and inflation near the Committee’s symmetric 2 percent objective,” the meeting summary stated. The … (full story)

Let’s block ads! (Why?)

Source link