Recent Updates
- US: GDP (Q4-Advance), Advance Durable Goods (Dec)
- US: Pending Home Sales (Dec)
- Canada: Payroll Employment, Earnings & Hours (Nov)
- Albania: Public Finance (Nov)
- Mexico: Advance Trade (Dec)
- more updates...
Economy in Brief
Kansas City Fed Manufacturing Index Improves in January
The Kansas City Fed reported that its manufacturing sector business activity index rose to 24 during January...
U.S. Durable Goods Orders Fell in December
Manufacturers’ new orders for durable goods fell 0.9% m/m (+15.6% y/y) in December...
U.S. Pending Home Sales Unexpectedly Decline in December
The Pending Home Sales Index fell 3.8% m/m to 117.7 in December (-6.9% y/y)...
U.S. Initial Unemployment Insurance Claims Decrease after Previous Week's Advance
Initial claims for unemployment insurance fell 30,000 in the week ended January 22 to 260,000 (-68.9% y/y)...
FOMC Will Further Lessen Liquidity and Raise Rates Soon
At today's FOMC meeting, the Fed indicated it will continue to reduce the stimulus...
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% |
