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The Federal Open Market Commission concluded Wednesday its monetary policy meeting in September and chose to raise the federal funds rate by a quarter of a point.
The rise pushes the fund target to 2% to 2.25%, where it was more than 10 years ago.
FOMC members are wondering how much additional monetary tightening is needed to keep the economy (and inflation) healthy.
For most of this year, most officials were comfortable with the Fed's rate hikes and its massive balance sheet, with the unemployment rate at close to 3.9%.
As such, members also decided to abandon the wording by saying that "the monetary policy stance remains accommodative".
Fed Chairman Jerome Powell will likely use the ET Press Conference to clarify the central bank's views on how it views rates at their current level.
Tensions remain high in the ongoing commercial sector between the United States and China. In a speech to the UN General Assembly on Tuesday, President Donald Trump defended his administration's position on trade, telling international leaders that the US would no longer suffer "such abuses." ". to be fooled.
Another trade partnership at stake is Canada, because the time available for states and neighbors to reach an agreement is getting closer. On Tuesday, Trade Representative Robert Lighthizer said the United States is ready to move ahead with Mexico on a new NAFTA-type agreement – with or without Canada's participation.
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