Many U.S. Federal Reserve officials at their last meeting thought more stimulus ...
WASHINGTON, - Many U.S. Federal Reserve officials at their last meeting thought more stimulus would be needed soon if risks to the U.S. economy did not let up, and several others leaned in that direction, records from the meeting showed.
In their June 18-19 meeting, which for the first time this year introduced the near-term possibility that the Fed might cut rates, multiple policymakers said rates should come down to “cushion the effects” of a U.S. trade war and to firm up inflation that is failing to meet the central bank’s 2%-a-year target, according to the minutes from that meeting released on Wednesday.
Policymakers held their target interest rate steady in a range of between 2.25% and 2.5% but dropped promises to be “patient” before changing rates. After the meeting, China and the United States agreed to resume trade talks and Washington promised no new tariffs. But in recent days Fed Chairman Jerome Powell has said the uncertainties around trade could still be weighing on business confidence and investment, potentially requiring action.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fed-funds futures traders now see 16% chance of half-point cut by Fed in JulyFed-funds futures traders on Wednesday increased bets on a half-point cut in interest rates by the Federal Reserve at the end of the month, according to CME...
Weiterlesen »
Powell signals that rate cut could be coming soonWASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that 'many' Fed officials believe a weakening global economy and rising trade tensions have strengthened the case for looser...
Weiterlesen »
Dow futures slightly lower ahead of Fed Chair Powell's testimonyFederal Reserve Chairman Jerome Powell is likely to keep the markets guessing about how soon and how deep the Fed intends to trim rates.
Weiterlesen »
Fed Chairman Jerome Powell’s Approach to Interest-Rate Policy Wins Bipartisan BackingPresident Trump’s relentless public criticism of the man he picked to run the Federal Reserve, Jerome Powell, isn’t broadly shared by lawmakers who confirmed the central bank leader to his post last year.
Weiterlesen »
European stocks set to open lower as hopes of a Fed rate cut fadeEuropean stocks are set to open lower Tuesday as diminished hopes of a rate cut from the U.S. Federal Reserve this month continues to dampen investor sentiment.
Weiterlesen »
Goldman Sachs warns investors that a Fed rate cut won't do much for the stock market'A lot of that rise in the market, in my estimation, is already behind us,' says Goldman strategist David Kostin.
Weiterlesen »