Published on Monday, November 11, 2019

The Fed stops for now

Several days ago, and for the third time this year, the Fed reduced the federal funds rate target range by 25 basis points to a range of between 1.5% and 1.75%. It is very unlikely that it will lower rates again in December.

Key points

  • Key points:
  • The views of the members of the monetary policy committee (the Federal Open Market Committee [FOMC]) have not changed in regard to its assessment of the most recent labor market or inflation data.
  • However, there is a minor change in regard to its assessment of business fixed investments and exports, having changed from "weak" to "remain[ing]" weak.

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