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Published on Wednesday, October 30, 2019 | Updated on Thursday, October 31, 2019

FOMC Meeting: October 29th-30th

For the third time this year, the Fed lowered the target range of federal funds rate 25bp to 1.5-1.75% without significant changes to their outlook on the labor market or inflation.

Key points

  • Key points:
  • The only changes to the statement regarding the outlook were on the committee’s view on business fixed investment and exports, which they revised from “have weakened” to “remain weak”
  • Based on the outcome of the October meeting, we do not expect the Fed will lower rates again in December

Geographies

  • Geography Tags
  • USA

Topics

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