Fed Leaves Interest Rates Unchanged, Pledges To 'Deliver Price Stability'

RTTNews | 1 jam 22 menit yang lalu

(RTTNews) - After raising interest rates for the first time in three years last month, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged following its latest meeting.

The Fed said it decided to maintain the target range for the federal funds rate at 3.75 to 4.0 percent in support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.

Unlike last month's unanimous decision to raise rates by a quarter point, there was some division among Fed officials at the latest meeting.

The central bank revealed that Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack voted against leaving rates unchanged, preferring to raise rates by another quarter point.

The Fed's accompanying statement acknowledged inflation remains elevated but said the accumulation of more information will help determine the policy stance appropriate to ensure a timely return of inflation to the 2 percent goal. The Fed declared it "will deliver price stability."

On Thursday, the Commerce Department is scheduled to release a report that includes readings on consumer price inflation said to be preferred by the Fed.

The Fed also noted that domestic spending has been resilient despite elevated uncertainty due in part to geopolitical developments.

"Productivity growth is strong, and capital investment is robust," the Fed said, repeating comments from last month's statement. "Job gains have kept pace with the workforce, and the unemployment rate has changed little."

The central bank's next monetary policy meeting is scheduled for December 8-9, with CME Group's FedWatch Tool currently indicating a 99.4 percent chance the Fed will raise rates by a quarter point.

Tag: USD

baca selengkapnya

U.S. Consumer Confidence Unexpectedly Sees Substantial Improvement In October

Consumer confidence in the U.S. has unexpectedly seen a substantial improvement in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 91.7 in October from an upwardly revised 84.2 in September.

RTTNews | 1 hari yang lalu

U.S. New Home Sales Pull Back Much Less Than Expected In September

A report released by the Commerce Department on Tuesday showed a modest pullback in new home sales in the U.S. in the month of September. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 676,000 in September after surging by 5.1 percent to a revised rate of 680,000 in August.

RTTNews | 1 hari yang lalu

U.S. Durable Goods Orders Jump 1.8% In September, More Than Expected

Largely reflecting a surge in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods shot up by more than expected in the month of September. The Commerce Department said durable goods orders jumped by 1.8 percent in September following a revised 0.1 percent uptick in August.

RTTNews | 1 hari yang lalu

U.S. Durable Goods Orders Jump More Than Expected In September

RTTNews | 1 hari yang lalu

U.S. Consumer Sentiment Deteriorates Far Less Than Previously Estimated In October

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by far less than previously estimated in the month of October. The report said the University of Michigan's consumer sentiment index for October was upwardly revised to 48.0 from a preliminary reading of 46.3.

RTTNews | 5 hari yang lalu

U.S. Leading Economic Index Unexpectedly Unchanged In September

The Conference Board released a report on Thursday showing its reading leading U.S. economic indicators unexpectedly came in flat in the month of September. The report said the leading economic index was unchanged in September after edging down by 0.1 percent in August. Economists had expected the index to dip by 0.2 percent.

RTTNews | 6 hari yang lalu

U.S. Jobless Claims Unexpectedly Drop To Three-Month Low

First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended October 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 194,000, a decrease of 6,000 from the previous week's revised level of 200,000.

RTTNews | 6 hari yang lalu

U.S. Weekly Jobless Claims Unexpectedly Dip To 194,000

First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended October 17th, according to a report released by the Labor Department on Thursday.

RTTNews | 6 hari yang lalu

EURUSD	1.11526	GBPUSD	1.33221
USDJPY	158.0	USDCAD	1.40011