The US Federal Reserve’s open market committee stuck with its 1½-1¾% target range for the federal funds rate today.
The Fed made 3 25-point cuts to its funds rate in July, September & October.
The committee said labour markets remained strong, unemployment was low and economic activity had been rising at a moderate rate.
What may concern the central bank – and a president who accuses trading partners of malpractice if they log a surplus against the US – is that US business fixed investment & exports remained weak.
Fed governor Jerome Powell said overall inflation, and inflation for items other than food & energy, were both running below 2% on a 12‑month basis and survey-based measures of longer-term inflation expectations were little changed.
31 October 2019: Fed cuts rate again
Attribution: Fed release.