Recent Updates
- US: Treasury International Capital (Nov)
- Bulgaria: Foreign Trade (Oct), FDI Flows, BOP (Nov)
- Russia: BOP (Q3), Loans Extended (Nov)
- Ireland: Bank Lending Survey (Q1), Property Price Index (Nov)
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- more updates...
Economy in Brief
U.S. Housing Affordability Improves During November
The NAR reported that its Fixed Rate Mortgage Housing Affordability Index rose 0.7% (-0.7% y/y)...
U.S. Retail Sales Continue to Fall During December as COVID-19 Cases Increase
Total retail sales declined 0.7% (+2.9% y/y) during December...
Empire State Manufacturing Index Declines in January
The Empire State Manufacturing Index of General Business Conditions decreased to 3.5 in January...
U.S. Industrial Production Continues Recovery
Industrial production advanced 1.6% in December...
U.S. PPI Rose 0.3% in December
The Producer Price Index for final demand rose 0.3% (0.8% y/y) in December...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller April 29, 2020
The Federal Reserve left the target for the Fed funds rate in a range of 0.00% to 0.25% at today's meeting of the FOMC.
In the Fed's press release, it stated "The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time...."
It further indicated that "The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term."
"To support the flow of credit to households and businesses, the Federal Reserve will continue to purchase Treasury securities and agency residential and commercial mortgage-backed securities in the amounts needed to support smooth market functioning."
The statement issued following today's meeting can be found here.
Today's action was unanimously supported by Committee members.
Current | Last | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|
Federal Funds Rate Target | 0.0% - 0.25% | 0.0% - 0.25% | 2.16% | 1.83% | 1.00% | 0.40 |