Mexican Media Brands
Fed Leaves Interest Rates Unchanged, For Now
The Federal Reserve voted late Wednesday to leave its benchmark lending rate unchanged at 2.25%-2.5%. But the central bank also signaled strongly that it will lower the rate later this year if the economic outlook dims.
#economics
Share
The Federal Reserve voted late Wednesday to leave its benchmark lending rate unchanged at 2.25%-2.5%.
But the central bank also signaled strongly that it will lower the rate later this year if the economic outlook dims. Many investors believe a quarter-point reduction will come at the end of July, when the Fed next meets.
Fed Chairman Jerome Powell says the bank is closely monitoring the growing likelihood of prolonged trade tensions and what they would mean for the U.S. and other economies. Analysts say the Fed’s change in tone signals an impending rate reduction, unless next month’s economic indicators all are strong.
The bank’s decision not to change rates immediately deftly deflects President Donald Trump’s demand for a rate cut now. But the Fed also recognizes the negative impact on the U.S. and other economies of an escalating trade war with China.
Powell tells reporters that many central bank officials want more time before agreeing to lower rates.
RELATED CONTENT
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.