Recent Updates
- Korea: MOTIE Trade (Sep)
- US: Consumer Sentiment (Sep-final), Personal Income with Revisions (Aug)
- US: Chicago PMI (Sep)
- Belgium: Gross External Debt (Q2)
- more updates...
Economy in Brief
Charts of the Week (Sep 30, 2022)
Financial instability has risen meaningfully over the past few days...
U.S. Chicago Business Barometer Dropped Sharply in September
The ISM-Chicago Purchasing Managers Business Barometer dropped to 45.7...
U.S. GDP Growth is Unrevised in Q2'22, Posting Second Straight Quarterly Decline
Real GDP growth during Q2’22 was unrevised at -0.6% (+1.8% y/y)...
EMU HICP Tops 10% Over 12-months
Inflation in the Euro Zone continues to move ahead fast enough...
U.S. Initial Unemployment Insurance Claims Fall Unexpectedly
Initial claims for unemployment insurance dropped to 193,000 (-48.7% y/y)...
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 |
