Last week’s Federal Open Market Committee meeting was pretty much a yawn fest and the press conference held by Fed chairman Jerome Powell wasn’t much better. No fireworks. Just as expected, all ten members of the central bank’s rate-setting committee voted to hold the Fed’s benchmark federal-funds rate in a range of 1.5% to 1.75%. The Fed is comfortable.
I’m not sure this is comforting or complacency. Worth watching.
You are trying to access member-only content. You are either lacking the required privileges or you are not logged in to view this content.
You need to have an active FSI Macro, or FSI Pro subcription in order to gain access to this article.If you are already a member at FS Insight, please Sign In. If you don’t have a subscription to FS Insight yet, please consider reading more about Our Services.