Recent Updates
- Japan: Industrial Production (Aug-Prelim), Lease Contracts, Auto Production & Exports (Aug), Index of Business Condition (Jul)
- Estonia: Trade Enterprises Turnover (Aug), IP (Aug)
- Netherland: Retail Trade (Aug)
- Manufacturing PMIs: China (Sep)
- more updates...
Economy in Brief
U.S. Goods Trade Deficit Continues to Deepen in August
The advance estimate of the U.S. trade deficit in goods widened to $82.94 billion last month...
U.S. Energy Prices Were Mixed
Regular gasoline prices were unchanged at $2.17 per gallon (-17.9% y/y) in the week ended September 28...
EU Indexes Continue to Claw Their Way Back with Speed But from the Depths
This month the EU indexes for the EMU area rose to 91.1 from 87.5...
Texas Factory Sector Activity Picks Up As COVID-19 Cases Decline
The Dallas Fed reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index increased to 13.6% during September...
Finland's Sector Confidence Indicators Waffle
Finland's EK sector survey shows a great deal of lingering weakness in Finland...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller March 3, 2020
The Federal Reserve lowered the target for the Fed Funds rate by 50 basis points to a range of 1.00% to 1.25%.
In the Fed's press release, it indicated that "the coronavirus poses evolving risks to economic activity."
"The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy."
The decision was unanimous amongst FOMC members.
The full text of the FOMC statement can be found here.
| Current | Last | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Federal Funds Rate Target | 1.00% - 1.25% | 1.50% - 1.75% | 2.16% | 1.83% | 1.00% | 0.40 |
