X

Fed Doesn't Mess With Rates and Doesn't Expect to in 2020

It removes language about 'uncertainties'
By Newser Editors,  Newser Staff
Posted Dec 11, 2019 1:43 PM CST

(Newser) – The Federal Reserve had signaled a pause was coming, and on Wednesday that's what we got. Following a series of three rate cuts, the Fed at its December meeting kept its benchmark interest rate unchanged at between 1.5% and 1.75%. And should their expectations for the economy play out, we likely won't see any rate changes in 2020, reports the Wall Street Journal.

CNBC has a redlined copy of what changed in the Fed's latest statement as compared to October here, and the Journal calls out one edit in particular: The removal of the phrase "uncertainties about this outlook remain" in a portion about the current monetary policy being "appropriate to support sustained expansion of economic activity." The AP's take: "That suggests that the Fed is less worried about the impact of the US-China trade war or overseas developments." (Read more Federal Reserve stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.