Recent Updates
- Mexico: BOP (Q3)
- Brazil: BOP (Oct)
- Albania: Bank Credit (Oct)
- Serbia: Earnings (Oct-Final)
- Mexico: Economic Activity (Sept)
- more updates...
Economy in Brief
Charts of the Week (Nov 24, 2022)
Investors have, on the whole, been taking a more positive view about the outlook for the world economy...
U.S. Durable Goods Orders Post Solid Rise in October
New orders for durable goods increased a larger-than-expected 1.0% m/m (10.7% y/y)...
U.S. Initial Unemployment Insurance Claims Rise Sharply
Initial claims for unemployment insurance increased to 240,000 (-2.1% y/y)...
U.S. Mortgage Applications Rise for a Second Week
Mortgage applications were up for a second consecutive week in the week ended November 18...
Flash PMIs Mixed on the Month
The S&P flash PMIs for November show mixed results...
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% |
