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- Vietnam: CPI, IP, Trade (Feb)
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Economy in Brief
U.S. Chicago Business Barometer Rebounds in February; Employment Declines
Chicago PMI jumps to 49.0 in February, still below 50-growth mark...
Japan's Indicators Show a Lethargic Economy
New reports on retail sales, industrial production and housing starts do not change the sense of weakness in Japan's economy...
U.S. GDP Growth Is Unrevised
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019...
U.S. Pending Home Sales Rebound Amidst Lower Interest Rates
Pending home sales jumped 5.2% in January after falling 4.3% in December...
Despite Monthly Decline, January U.S. Durable Goods Orders Stronger than Expected
Headline durable goods orders fell 0.2% in January but this was stronger than market expectations of a 0.8% m/m decline...
Special Topics
"Deja Vu": Companies Don't Account For All Costs To Make Financial Results Appear Better
Fed's Price Targeting Regime: Suggested Changes Fail to Fix the #1 Flaw--The Price Gauge
Roadmap For 2020 Profits Is Filled With Potholes
Greatest Economic Performance Ever? I Report, You Decide
The Role of Monetary & Fiscal Policies In Equity Market Cycles
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% |
