FOMC Meeting: October 29th-30th

Summary

For the third time this year, the Fed lowered the target range of federal funds rate 25bp to 1.5-1.75% without significant changes to their outlook on the labor market or inflation.

Key points

• Key points:
• The only changes to the statement regarding the outlook were on the committee’s view on business fixed investment and exports, which they revised from “have weakened” to “remain weak”
• Based on the outcome of the October meeting, we do not expect the Fed will lower rates again in December

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