US Fed minutes: members avoid hints for further cuts

2019-08-21 19:06:04 GMT (Economies.com)
US Fed minutes: members avoid hints for further cuts

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.%
1.1020
0.0000
0.0045%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
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