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US Fed minutes: members avoid hints for further cuts
2019-08-21 19:06:04 GMT
(Economies.com)
The minutes for the last US Fed meeting in July 30-31 showed that a majority of the Federal Reserve's members agreed to cut rates but avoided speaking about further cuts.
Rather, the members chose a decision-making approach based on each meeting and the data released.
The members agreed with Chairman, Jerome Powell, that last month's rate cut is not the beginning of a series of monetary easing measures.
While during the meeting some saw the need to cut rates by 50 basis points, while others preferred not to cut at all.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
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|
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1.1020
|
0.0000
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0.0045%
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|
|
|
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1.2472
|
0.0003
|
0.0236%
|
|
|
|
|
17.964
|
0.513
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2.940%
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|
|
|
|
58.477
|
3.583
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6.527%
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64.28
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-0.12
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0.19%
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|
|
|
|
1516.410
|
27.430
|
1.842%
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