The Federal Reserve said Wednesday that it would keep the benchmark interest rate at its current range of 1.5%-1.75%, a widely expected decision that ends the Fed’s rate-cutting streak.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Federal Reserve Interest Rate Decision Forecast – No expectation for a change in the Fed funds target rate
The Federal Reserve will finish its scheduled two-day meeting of the Federal Reserve Open Market Committee (FOMC) on Wednesday, December 11th. The governors will release the policy decision and economic and rate Projection Materials at 19:00 GMT. 14:00 EST. Chairman Powell will read his statement and hold a news conference starting at 19:30 GMT, 14:30 EST.
2019: The year the Federal Reserve admitted it was wrong
The Federal Reserve and its leaders have done something unusual in 2019 for central bankers. They admitted they were wrong in their short-term and long-term outlook for the U.S. economy.
Trade Tensions Remain High After President Donald Trump’s Comments
Trade tensions remain high after President Donald Trump’s comments on Tuesday that a deal may await after the November 2020 Presidential elections.
Powell Analysis: Fed may cut rates in 2020, but the dollar moves to Trump’s tune
The central bank is ready to respond to a slowdown – or “material reassessment.” That is the critical part from the prepared remarks that Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, has prepared for his testimony. The Fed is content with the current state of the US economy and with its policy – but is ready to cut interest rates once again. That may happen in 2020.
UK Brexit Part Leader Farage: I Was Very Unhappy With The Brexit Deal Agreed By PM Johnson
UK Brexit Part Leader Farage: I Was Very Unhappy With The Brexit Deal Agreed By PM Johnson.
White House plan to Roll Back China Tariffs Faces Fierce Internal Opposition
An agreement between the United States and China to roll back existing tariffs as part of a “phase one” trade deal faces fierce internal opposition in the White House and from outside advisers, multiple sources familiar with the talks said.