Thread: Fed holds rates steady in first meeting of 2020 as economy extends expansion

FED FOMC STATEMENT NOW OUT:

RATES UNCHANGED

The Federal Reserve held rates steady in its first policy-setting meeting of 2020, changing little in its economic outlook as the U.S. economy continues to extend its longest expansion on record.
The Federal Open Market Committee announced Wednesday that it decided to keep rates in the current target range of 1.50% to 1.75%, continuing to describe the economy as “rising at a moderate rate.” The four new voting members (from the Philadelphia, Cleveland, Minneapolis, and Dallas Feds) supported the unanimous decision.

But the Fed downgraded its assessment of household spending, originally describing consumption by the U.S. consumer as “strong” in December, but now characterizing activity as “moderate.”

Rates: UNCHANGED

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https://finance.yahoo.com/news/fed-f...150715790.html