The Fed voted 10-2 to leave interest rates unchanged and offered little clarity on when the decline in int rates will resume. The Fed pointed to improvements in the US economy as they signaled a more cautious approach to potential future adjustments. Governors Christopher Waller and Stephen Miran dissented in favor of a 0.25% reduction. Policymakers described the pace of growth as “solid” and said “job gains have remained low, and the unemployment rate has shown some signs of stabilization,” dropping language pointing to increased downside risks to employment.
Here is how today’s Fed statement changed vs the last statement released on Dec 10.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
