In their last public comments before the Federal Reserve's next interest-ra...
BOSTON/WASHINGTON - In their last public comments before the Federal Reserve’s next interest-rate decision, U.S. central bankers on Friday left the door open to a further reduction in borrowing costs as they continue to assess how household spending, the main driver of U.S. economic growth, is holding up.
Since that meeting, jobs growth has slowed and retail sales unexpectedly dropped, possible signals that a decline in manufacturing brought on by the U.S.-China trade war may be spreading more broadly through the economy. His speech echoed that of Fed Chair Jerome Powell two weeks ago that was seen as signaling another interest rate cut at the central bank’s next meeting. It was also in line with those of other policymakers who emphasized this week that they are open minded about future policy decisions.
“I think the data has come in since the last meeting generally softer; generally it’s been a little bit more downside than I would have expected at the September meeting,” Minneapolis Fed President Neel Kashkari said in Des Moines on Friday. Dallas Federal Reserve bank president Robert Kaplan said at an event in Washington that he is currently “agnostic” about a third rate in October.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Clarida reiterates that the Fed is not locked into a set interest rate path'Looking ahead, monetary policy is not on a preset course, and the Committee will proceed on a meeting-by-meeting basis,' the Fed vice chair said in Boston.
Leer más »
Exclusive: Wall Street banks see green light from Fed on reserves - sourcesWall Street banks believe they are getting a green light from supervisors to hol...
Leer más »
Fed Eyes Another Rate Cut, Weighs When to StopFederal Reserve officials are heading into their meeting in two weeks likely to cut interest rates while debating whether they’ve done enough for now to vaccinate the economy against growing risks of a sharper slowdown.
Leer más »
California Guarantees All Kids Will Get Fed And Ends School Lunch Shaming“I want to thank Ryan for his empathy and his courage in bringing awareness to this important issue,” Newsom said when passing the bill.
Leer más »
Dimon says money-market turmoil last month risks morphing into a crisis if Fed falters'We’ve spoken to the regulators and I think they’re quite bright and they’ll look at this. And they should do it before the crisis happens—because it will happen.' -- Jamie Dimon
Leer más »