Recent Updates
- Ireland: Public Finance (Jun-Press)
- Belgium: Collective Wage Agreements (Q2)
- US: Mfrs' Shipments Inventories & Orders (May), Employment Situation (Jun), Intl Trade (May)
- Ireland: Registered Unemployment (Jun)
- more updates...
Economy in Brief
U.S. Employment Continues to Increase in June, Lowering Jobless Rate
Rise in jobs is broad-based amongst industries...
U.S. Trade Deficit Widened Further in May
The foreign trade deficit in goods and services widened further in May...
State & Pandemic Assistance Initial Claims at 2.3 Million
State initial jobless claims decreased to a still extremely-elevated 1.427 million in the week ending June 27...
U.S. Light Vehicle Sales Improve In June
Car & light truck sales continue to increase m/m, but remain off 23.7% y/y...
EMU Unemployment Ticks Higher
The EMU unemployment rate ticked higher to 7.4% in May...
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 |
