#Upcoming fed meeting series

Question on every central banker’s mind is whether the risks are elevated Does the current economic data support a cut to interest rates?Įconomic data is indicating that we are nearing the Fed’s dual mandate goal ofįull employment and inflation of 2%, what is the case for further easing? The From this data, we can see the economy doing just as well as expected or maybe even slightly better than March expectations. The projection for the 2019 unemployment rate remained the same at 3.7%, and core PCE is projected to climb 0.2% higher to 2%. On the other hand, forecasts for GDP in 2019 were revised slightly higher in the September report, from 2.1% to 2.2%. – who seems to be willing to accept a no-deal Brexit. The trade war, the Saudi attack on oil, and the election of Boris Johnson in

That was before this summer’s escalation of economy has shown signs of slowing in recent quarters, but how does that compare with the central bank’s predictions? The Fed releases a summary of economic projections every quarter and headline figures from March 2019 and September 2019 are little changed.Įconomy felt less risky than today. GDP forecasts for 2019 are still sitting at 2.2%, and the Fed’s favorite inflation measure, core PCE, is inching towards the two percent objective. There were also upward revisions of wage growth numbers from previous months. The latest jobs numbers saw the unemployment rate drop to 3.5%, the lowest since December 1969. Geopolitical concerns in the Middle East remain a growing issue, but Britain seems to be inching closer to a Brexit deal.ĭespite these risks, U.S. Some economists and government officials fear that negative effects of tariffs may be behind these decreases and could be seeping into other parts of the global economy. The door was opened for these new tariffs after a WTO ruling that the European countries provided Airbus with illegal subsidies.Īccording to data provided by the Institute of Supply Management, the US manufacturing and agriculture sectors are slowing. postpones tariffs on China, the White House approved new tariffs on imports from Europe. In addition, tariffs have been surrounded by uncertainty for much of the year. Global Economic Risks Remain a Key Issue for Central BankersĮconomic risk has been on an uptrend across the world and has been the main cause for worry among central bankers. that signal the economy is still growing at a decent pace, given such headwinds.

#Upcoming fed meeting series

However, there have been a series of economic indicators in the U.S. While the Fed has been accommodative in the past two meetings, there is a growing split in the committee on whether they should cut interest rates further. The Federal Reserve has begun its quiet period prior to the October FOMC meeting which will be held on the 29 th and 30 th.