Fed leaves rates unchanged
A divided Federal Reserve held the line on interest rates at its meeting this week and indicated there are still no cuts coming in 2019. The decision was by the thinnest of margins, though, and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold.
The committee provided an important nod to those worried about slower growth: It dropped the word "patient" to describe its approach to policy. The characterization was a key part of the Fed "pivot" earlier this year that signaled to the market a more dovish approach to rates. In their baseline scenario, FOMC members said they still expect "sustained expansion of economic activity" and a move toward 2% inflation, but realize that "uncertainties about this outlook have increased."
The changes came amid what appeared to be little consensus among the committee about where rates go next.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
https://ew.com/Entertainment Weekly has all the latest news about TV shows, movies, and music, as well as exclusive behind the scenes content from the entertainment industry.
Read more »
Asia markets edge up; Fed meeting set to kick offMarkets in Asia edged up in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.
Read more »
Markets Bet on Fed Rate Cut—but Goldman, UBS and Others Don’t AgreeDespite the market’s conviction, analysts from Goldman Sachs to Bank of America doubt the Fed will cut rates this summer. As the central bank kicks off its meeting, here’s a look at what analysts are calling for and why.
Read more »
Griz Announces Two Grizmas in July ShowsGrizmas in July 2019 comes to Wilmington, North Carolina, Friday and Saturday, July 26 and 27. Get the presale ticket code here.
Read more »
Watch Lizzo Put a 'Sister Act 2' Spin on 'Juice' With 2019 MTV Movie & TV Awards PerformanceLizzo channeled a young Lauryn Hill and one joyful '90s musical comedy for her performance of 'Juice' at the 2019 MTV Movie and TV Awards.
Read more »