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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.
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1.0850
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0.0011
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0.1006%
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1.2958
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-0.0090
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0.6878%
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Tadawul
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7982.95
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-24.44
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0.31%
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18.493
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0.740
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4.168%
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53.333
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1.131
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2.168%
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58.37
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-0.94
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1.58%
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1643.645
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58.945
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3.720%
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