Recent Updates
- Japan: Corporate Goods Price Index (Nov)
- Australia: WMI Consumer Sentiment Press - Regional (Dec)
- Australia: WMI Consumer Sentiment Press (Dec)
- Korea: Labor Market (Nov)
- Indonesia: Non-Oil and Gas Exports and Imports by Region (Oct)
- more updates...
Economy in Brief
U.S. Productivity Weakness Revised Little; Unit Labor Costs Still Firm
Productivity growth in the nonfarm business sector last quarter was revised to -0.2% at an annual rate (+1.5%) y/y...
U.S. Gasoline and Nat Gas Prices Fall While Crude Oil Prices Were Mixed
In the week ended December 9, retail gasoline prices edged down to $2.56 per gallon (+5.8% y/y)...
ZEW Assessments and Expectations Improve But Gain Less Markedly
The ZEW global macroeconomic assessments have improved along a broad front in December following a surge of improvement in November...
NABE Projections for Moderate Growth and Inflation Are Little Revised
The National Association for Business Economics expectations of 1.8% growth in real GDP during 2020...
German Trade Data Tell a Tale of Two Germanys
Germany's October trade report is better than expected...
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 |
