18 September 2019 FOMC Meeting Statement: Federal Funds Rate Again Lowered
Written by Steven Hansen
The Federal Open Market Committee (FOMC) – the board of directors of the Federal Reserve lowered the range of the federal funds rate by a quarter-point as expected, and stated:
…. Although household spending has been rising at a strong pace, business fixed investment and exports have weakened ….
Overall the Fed appears to believe the economy has slightly weakened since the last meeting.
Source: http://econintersect.com/pages/releases/release.php?post=201909181325
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