Recent Updates
- China: Fixed Asset Investment, Online Retail Sales, IP (Apr)
- Construction PMIs - Ireland (Apr)
- Japan: Corporate Goods Price Index (Apr)
- New Zealand: Composite PMI, Performance of Service Index (Apr)
- Hong Kong: Centaline Property Affordability Ratio (Apr)
- more updates...
Economy in Brief
EMU IP Drops Month-to-Month and Year-over-Year
Industrial output among EMU members fell by 1.8% month-to-month in March...
U.S. Producer Price Inflation Moderates in April
The Producer Price Index for Final Demand increased 0.5% during April...
U.S. Housing Affordability Plunges in March
Affordable homes are in short supply...
U.S. Unemployment Claims Edge Upward
Initial claims for unemployment insurance filed in the week ended May 7 rose to 203,000 (-58.9% y/y)...
U.K. Shows Scatter-Shot IP Trends
Industrial output in the United Kingdom is mixed and convoluted...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller May 1, 2019
The Federal Open Market Committee voted unanimously at today's meeting to leave the federal funds rate target in a range between 2.25% and 2.50%. The decision was expected in the Action Economics Forecast Survey.
The Fed stated that the labor market was "strong" and that the economy was growing at a "solid" rate. Growth in consumer demand and business investment were observed to have slowed.
On the pricing front, the Fed noted that total inflation and price gains, excluding food & energy, were running below the Fed's 2.0% target. Survey-based measures of long-term inflation expectations were little changed.
The press release for today's FOMC meeting can be found here.
| Current | Last | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|
| Federal Funds Rate Target | 2.25% - 2.50% | 2.25% - 2.50% | 1.82% | 1.00% | 0.40% | 0.13 |
