FOMC CERTAINLY PATIENT ABOUT STATE OF UNCERTAINTY
–Holds Rate Steady; Dots Suggest ‘Roughly’ 2% ’19 Growth and No Hikes –When Data Clarify, ‘We Will Act Appropriately’ By Denny Gulino WASHINGTON (MaceNews) – The Federal Open Market Committee and its Chairman Jerome Powell Wednesday reassured markets that not enough is known about this year’s economy to either raise or lower interest rates and […]
FOMC: BALANCE SHEET REDUCTION ENDS IN SEPTEMBER
–FOMC Doesn’t Touch Rates; Adjusts Dots to Zero ’19 Hikes WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday appeared to go beyond “patience” to zero out rate hikes for the rest of the year while inching the growth outlook down to 2.1% and ending the normalization of the balance sheet by September. The growth […]