Recent Updates
- Italy: Large Firms Employment, Earnings & Hours Worked, International Trade (Jun)
- Slovakia: International Reserves (Jul)
- Greece: CPI, HICP (Jul), IP (Jun)
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- more updates...
Economy in Brief
German Orders Surge in June
German orders made a spectacular comeback in June...
U.S. ADP Nonfarm Private Payroll Gains Slow in July
Employment slowdown is broad-based last month...
U.S. ISM Services PMI Improves in July
Service sector activity is at highest level since February 2018...
U.S. Trade Deficit Narrows in June as Exports Jump 2X Imports
Trade Deficit declines to $50.7 billion in June....
Mortgage Applications Fall Despite Declining Rates
Mortgage applications decreased 5.1% in week ending July 31...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller January 29, 2020
The Federal Reserve kept the target range for the Federal funds rate at 1.50%-to-1.75% at today's FOMC meeting. The lack of action was expected in the Action Economics Forecast Survey. The decision was unanimous amongst FOMC voters.
Few changes were made to the statement which accompanied today's decision.
The Fed continued to characterize economic and consumer spending growth as "moderate," along with "solid" job gains. Growth in business fixed invesment and exports was characterized as "poor."
Overall inflation was expected to return to the Fed's two percent objective after having been below that in 2019.
The press release for today's meeting can be found here.
| Current | Last | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Federal Funds Rate Target | 1.50%-1.75% | 1.50%-1.75% | 2.16% | 1.83% | 1.00% | 0.40% |
