Finance

Fed moves to ‘assess’ rate policy, a hawkish signal expected by markets

0


Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019.

Sarah Silbiger | Reuters

Stocks were slightly lower and bond yields were near lows of the day after the Fed signaled a pause when it said it would move to “assess” its interest rate policy, rather than “act as appropriate” to adjust rates.

The Fed cut interest rates by a quarter point, as expected, and removed language from its statement, saying it would “act as appropriate” to sustain the recovery. It now says it “will assess the appropriate path of the target range” for fed funds.

The rate cut was its third in so many meetings,…



Source cnbc.com

Former Exxon chief says company had no incentive to downplay costs

Previous article

US private payrolls October 2019 rise by 125K: ADP/Moody’s survey

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance