FOMC Meeting: December 10th-11th

Summary

As we expected, the Fed lefts its benchmark interest rate by unchanged at 1.5-1.75% and made only minor adjustments to the October statement.

Key points

• Key points:
• The change was the slight tweak in forward guidance to reflect previous communication that in order to alter the level of accommodation the committee would need to see a “material” changes in their outlook
• The committee included “global developments and muted inflation pressures”, as areas where the committee would be closely monitoring as it contemplates further adjustments in the Fed Funds rate

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