Fed Chair Powell notes the coronavirus outbreak as posing uncertainty to the global growth outlook.
WASHINGTON — The Federal Reserve held interest rates steady at its meeting this week and tweaked its post-meeting statement to reflect what appears to be a stronger commitment to nudge up inflation.
The decision marked the second straight meeting the Fed made no changes to rates following three consecutive reductions in 2019. The rate sets the standard for what banks charge each other for overnight lending but also is used as a benchmark for much consumer debt. That language differed from the long-standing boilerplate statement that the Fed was looking to get inflation "near" the benchmark that it considers healthy for a growing economy.
Officials hope they can jawbone inflation higher by committing to keeping rates low until the inflation level rises. They even have indicated, through the "symmetric" terminology, that they will allow inflation to run above target for a while.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
With Rates on Hold, Fed Faces Decisions on Its Balance SheetWith Federal Reserve officials likely to hold interest rates steady in coming months, the focus of their meeting this week shifts to fine-tuning their control of short-term rates.
Weiterlesen »
Negative Rates: Economists Explain What Happens If The Fed Gives Trump What He WantsThe Federal Reserve is widely expected to keep interest rates unchanged in the 1.50% to 1.75% range when it concludes its committee meeting today by skleb1234
Weiterlesen »
Negative Rates: Economists Explain What Happens If The Fed Gives Trump What He WantsThe Federal Reserve meets on Tuesday and Wednesday to decide what happens next with interest rates.
Weiterlesen »
Fed leaves interest rates at historically low levels | Markets InsiderThe Federal Reserve left borrowing costs at historically low levels on Wednesday. Policymakers signaled there was no immediate need for further ...
Weiterlesen »
Fed keeps rates steady in first meeting of 2020The Federal Reserve holds interest rates steady, pointing to continued signs of a strong economy despite renewed pressure from Trump to make deeper cuts
Weiterlesen »