The Federal Open Market Committee (FOMC) concluded its regular meeting on 29 and 30, setting the target federal fund rate (FF) as 1.5-1.75%. The price was reduced by 0.25 points. Interest rate cuts now include 3 consecutive meetings. As for the future, at least one meeting suggested the possibility of postponing the policy.
See this article for a full statement
In a statement issued after the meeting, FOMC removed the phrase "I will act appropriately to maintain economic expansion" by writing "I will examine the appropriate path of the target range of FF interest rate induction" He showed his attitude in a glance.
The reason for the decision to lower interest rates was the impact of global trends, similar to the September statement.
As before, during the recent rate cut, Kansas City Fed president George and Boston Fed president Rosen Gren said they were maintaining an interest rate and voted against the decision.
The statement confirmed that the US economy is generally in good shape. While the unemployment rate was low for the first time in half a century, financial officials have repeated that the labor market is 'strong', employment growth is 'solid' and household spending is rising 'at a fast pace'.
On the other hand, it is again emphasized that the economic outlook is "uncertain". As regards investments and exports of corporate capital, the wording "slightly weak" has been slightly changed.
Original title:Fed lowers rates on a quarterly basis, tips that can be implemented for now (excerpt)
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