Fed Holds Rates Steady, Hints at Improved Economy | Forex Factory

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  • Fed Holds Rates Steady, Hints at Improved Economy

    From schwab.com

    The Federal Open Market Committee (FOMC) paused rates today at its January meeting, ending a string of three cuts in a row late last year. The decision was no surprise, and markets are priced for steady policy the next few months as inflation remains above target and unemployment is low despite the slowdown in hiring. Moreover, financial conditions are loose and there are few signs of stress in the financial system. There were two dissents. Both Governor Stephen Miran—nominated by President Trump last year—and Governor Christopher Waller, under consideration for the Fed chairmanship, favored a quarter-point cut. ... (full story)

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