The Federal Open Market Committee is likely to keep its federal-funds rate target steady at 2.25%-2.50% for the rest of the year, minutes of its March 19-20 meeting released Wednesday show. But the policy-setting panel showed no inclination to lower its key policy interest rate, as the federal funds futures market anticipates in late 2019 or early 2020.
The outlook for an unchanged fed funds target is consistent with the FOMC's recent statements and Fed officials' rhetoric that have emphasized a " patient" attitude toward policy changes after the increases in 2018. As Capital Economics pointed out in a research note "several" panel members thought the next move in rates "could shift in either direction based on incoming data."
The outlook for an unchanged fed funds target is consistent with the FOMC's recent statements and Fed officials' rhetoric that have emphasized a " patient" attitude toward policy changes after the increases in 2018. As Capital Economics pointed out in a research note "several" panel members thought the next move in rates "could shift in either direction based on incoming data."
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