Fed Again Cuts Interest Rates 0.25 percentage points, which was widely expected, brings the Fed’s target rate to a range of 1.5% to 1.75%. Less clear is where central bankers go from here amid signs the economy is slowing down.
Federal Reserve Bank
Video News – Fed Leaves Interest Rates Unchanged, Signals no Increases this Year 2019
✅ The announcement comes three months after the central bank said two hikes would be appropriate in 2019.
Dollar Pressured as Fed Officials Caution about Global Growth, Yen Firms
Gold Silver Reports (GSR) – The U.S. currency has enjoyed a strong run this year thanks to the Fed’s steady policy tightening on the back of a robust economy and rising wage pressures. A fourth rate hike for this year is expected next month and policy makers had indicated two more by June 2019.
Red Alert : Global Economic Data – Jackson Hole Speech – Gold Silver Reports
The Economic Policy Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential …
Fed’s Williams Lays Out Case for Considering Price Level Target
Gold Silver Reports – Fed’s Williams Lays Out Case for Considering Price Level Target – In a world where the underlying growth potential of the economy is hard to pin down, targeting a price level — rather than a precise, 2 percent inflation goal — could be effective, Federal Reserve Bank of San Francisco President John Williams argues in new research.