Wednesday, 03 June 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
'Many' Fed Officials Said in June They'd Be Willing to Cut Interest Rates if Uncertainty Still Weighs on Outlook, Minutes Show
Thursday, 11 July 2019 01:18 WIB | FISCAL & MONETARY |Federal ReserveThe FedEkonomiAmerika

Many Federal Reserve officials said in their meeting in June that they would be willing to cut interest rates if the economy continued to struggle in coming weeks, according to minutes of the discussion released on Wednesday.

Officials appeared caught off guard in mid-June about sudden "significant" signs of weakness in the economy, calling them "quite recent." Given how quickly things were developing, Fed officials decided to take a wait-and-see attitude. While almost all agreed to hold interest rates steady in June, "many" officials said rate cuts would be warranted if risks and uncertainties "continued to weigh on the economic outlook." And that's exactly how Fed Chairman Jerome Powell described the economy's performance since mid-June in his testimony to Congress earlier Wednesday.

Source : Marketwatch

RELATED NEWS
Australia Central Bank Pins Hope on Quicker Economic Recovery After Pandemic Shutdown...
Tuesday, 2 June 2020 13:25 WIB

Australia™s central bank held rates at all-time lows on Tuesday and sounded less gloomy as the economy gradually re-opens during what is likely to be the worst quarter since the Great Depression. T...

Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility...
Friday, 29 May 2020 22:56 WIB

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, whi...

RBA : Australia Economic Downturn To Be Less Severe Than Initially Feared...
Thursday, 28 May 2020 10:06 WIB

Australia™s central bank chief said on Thursday that better-than-feared health outcomes from the COVID-19 pandemic suggest the country™s economic downturn will likely not be as severe as earlier t...

RBA's Lowe: Australian financial system is resilient and is well placed to deal with COVID-19...
Thursday, 21 May 2020 09:53 WIB

Reserve Bank of Australia (RBA) Governor Philip Lowe is on the wires now, via Reuters, speaking on a panel at FINSIA's "The Regulators" Webinar. "Australian financial system is resilient and is well ...

Fed Officials Discuss How to Convince Markets That Interest Rates Will Stay Low For a Long Time...
Thursday, 21 May 2020 02:33 WIB

Federal Reserve officials in April discussed the next phase of interest rate policy ”convincing markets that rates will stay low for a long time ” but gave no sense than any changes were imminent....

LATEST NEWS
Nikkei naik ke level tertinggi 3 bulan; pelemahan yen mengangkat saham automotif

Indeks acuan saham-saham Jepang, Nikkei, naik ke level tertinggi lebih dari tiga bulan pada hari Rabu, karena melemahnya yen secara cepat dan apa yang disebut takut akan ketinggalan, atau "FOMO", dari investor yang mendorong produsen mobil dan...

EUR/USD tops 1.12 amid risk-on mood, ahead of data

EUR/USD is trading around 1.12, the highest since March. The safe-haven dollar is weakening amid optimism for reopening and stimulus, shrugging off civil unrest. Services PMIs from both sides of the pond and ADP's jobs report are both eyed. A...

Nikkei Rallies to Fresh 3-Month High; Weaker Yen Lifts Auto Shares

Japan™s stock benchmark Nikkei advanced to a new three-month high on Wednesday as a rapidly weakening yen and investor fear of missing out a rally boosted automakers and other cyclical sectors. The Nikkei average gained 1.2% to 22,581.74 by the...

POPULAR NEWS
Gold Climbs As U.S. Riots Spark Safe-Haven Rush
Monday, 1 June 2020 16:00 WIB

Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained China-U.S. relations and boosted demand for...

Gold edges lower as investors play down U.S.-China tensions
Monday, 1 June 2020 19:54 WIB

Gold futures traded slightly lower Monday, losing ground as equities drifted into positive territory and investors appeared to play down U.S.-China...

Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal
Monday, 1 June 2020 09:15 WIB

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning...

Gold futures post second straight loss
Wednesday, 3 June 2020 01:24 WIB

Gold futures on Tuesday posted a second consecutive session decline, with profit-taking and strength in global stock markets the key reasons cited...