Monday, 09 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Fed scaled back interest-rate forecast due to unease about economy, soft inflation, FOMC minutes show
Thursday, 11 April 2019 01:43 WIB | FISCAL & MONETARY |The FedEkonomi ASFiskal & Moneter

The Federal Reserve™s decision in March to cease raising interest rates this year was driven by unease over the U.S. and global economies and surprisingly subdued inflation, according to minutes of the pivotal central bank meeting.

Last month the Fed junked previous plans to raise a key short-term U.S. interest twice more this year. Instead, Chairman Jerome Powell reiterated the Fed would remain œpatient and its closely watched œdot plot pointed to no increases in interest rates for 2019.

On the Fed™s list of worries: Sluggish U.S. growth early in the new year, a weaker global economy, the messy attempt by the U.K. to leave the European Union and festering trade tensions between the Trump administration in China.

What the Fed wasn™t worried about was rising inflation.

Source: marketwatch

RELATED NEWS
Australia Holds Rate as RBA Waits for Past Cuts to Flow Through...
Tuesday, 3 December 2019 10:56 WIB

Australia™s central bank kept interest rates unchanged as it waits for three cuts since June to flow through to areas of the economy beyond the property market. Reserve Bank Governor ...

ECB's Lagarde: Euro area growth remains weak due to global factors...
Monday, 2 December 2019 21:20 WIB

The European Central Bank (ECB) President Christine Lagarde, testifying before the European Parliament this Monday, said that the region's economic growth remains weak and this weakness has been mainl...

BOJ's Kuroda: Mix of fiscal and monetary policy is standard way of dealing with economy...
Thursday, 28 November 2019 13:01 WIB

Spending for disaster relief, concern over impact of global slowdown in Japan's economy should be better addressed by govt with fiscal, structural policies. Fiscal space for japanese government is so...

ECB's Lagarde: We Face a Global Environment That is Marked by Uncertainty...
Friday, 22 November 2019 15:58 WIB

While delivering a key note address at the European Banking Congress, in Frankfurt, on Friday, the new European Central Bank (ECB) President Lagarde said: œWe face a global environment that is marke...

Fed Minutes Show Worries About Economy Had Eased a Bit...
Thursday, 21 November 2019 02:24 WIB

Federal Reserve officials were more upbeat about the economy in late October than they had been only six weeks earlier, according to minutes of their policy discussion released Wednesday. Officials â...

LATEST NEWS
U.S Stocks See Modest Pullback at Open as Central Banks, Trade Stay In Focus

U.S. stocks edged lower at the opening bell on Monday ahead of a busy week packed with meetings by the Federal Reserve and the European Central Bank. Investors are also on the lookout for signs of easing trade tensions ahead of the Dec. 15...

Gold Prices Step Higher as Ahead of Fed Meeting, Buoyed by Weaker Buck

Gold futures headed higher Friday morning as weakness in the U.S. dollar helped to prop up the yellow metal ahead of a policy update from the Federal Reserve due in the middle of the week and a U.K. general election that could roil...

U.S. Futures Edge Lower With Stocks as Bonds Climb

U.S. equity futures edged down alongside European stocks as investors prepared for a week brimming with potential catalysts, from central bank meetings to the looming America-China tariff deadline. Treasuries and most government bonds...

POPULAR NEWS
Gold falls 1% after robust US jobs data
Saturday, 7 December 2019 03:06 WIB

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier...

Hong Kong stocks finish week on positive note (Review)
Saturday, 7 December 2019 04:32 WIB

Hong Kong closed more than one percent higher Friday, boosted by renewed hopes that China and the United States will eventually reach a partial...

Dow Closes Nearly 340-Points Higher After Jobs Report Sparks Stock-Market Rally
Saturday, 7 December 2019 04:24 WIB

U.S. stocks closed solidly higher Friday, helping to wipe out or chip away at weekly losses, after an key employment report for November ignited...

Gold Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...