A 'strong' statement A 'strong' statement http://www.federatedinvestors.com/static/images/fed-logo-amp.png December 6 2018

A 'strong' statement

The Fed keeps rates within a range of 1.75-2%
Published August 1 2018
My Content

The Federal Reserve didn’t mince words in its policy statement released today. In fact, it repeatedly used just one word—“strong”—to describe the economy in general, the labor market, household spending and business capital investment. As for numbers, the Fed, as expected, did not change the federal funds rate from its current range of 1.75-2% (there were no dissents). This Federal Open Market Committee meeting had no press conference or update of economic projections, so the base case of two additional hikes likely to happen this year, indicated in the last FOMC meeting, remains. Despite speculation the Fed might drop or alter its forward guidance, the committee retained its promise to continue increasing rates at a gradual pace.

Tags Fixed Income . Income .

Views are as of the date above and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector.

Federated Investment Management Company