Market Updates


Highlights from the Fed Meeting - December 10-11, 2019

Fed Leaves Rates Unchanged

Key Takeaways from today’s Fed meeting:

•The fed funds rate was left unchanged today at a range of 1.50% to 1.75%.

•The FOMC believes that the current stance of monetary policy is appropriate to sustain economic activity and inflation near the 2% target objective.

•This was the first unanimous vote since May for the FOMC.

•The DOT plot medians for the end of 2020 is now 1.60% and 1.90% at the end of 2021.

•The Fed acknowledged that factory data is in a slump, but consumer spending and rising wages should keep the economy on-trend.

•Fed fund futures were still pricing in one 25 basis point ease in 2020.

•Yields on the 2 Year Treasury Note have declined approximately 3 basis points since the Fed's announcement.

Please call us if you have any questions about Wednesday’s statement by Chairman Powell or want to discuss the potential direction of interest rates.

Read the FOMC Press Release

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