Post by mangomoney on Apr 28, 2016 9:44:47 GMT 7
Fed Waits for Economy's Green Light to Hike as Risks Abate
- Statement signals optimism about consumer spending, jobs
- Policy makers refrain from definitive signal on June rate rise
The strong conviction about growth, inflation and global stability needed to raise interest rates didn’t show up for officials at the Federal Open Market Committee meeting this week. They’re still open to finding it soon.
U.S. central bankers skipped an interest-rate hike for the third straight meeting since kicking off the tightening cycle in December. Their statement suggested they remain positive about the underpinnings of U.S. growth and are less worried -- though not completely reassured -- about risks posed by global economic weakness and financial-market turbulence.
“The Fed remains upbeat on the outlook for consumer spending, but is in no rush to pull the trigger a second time,” said Neil Dutta, head of U.S. economics at Renaissance Macro Research in New York. “This explains the continued close monitoring of inflation indicators, global economic and financial developments
more...
www.bloomberg.com/news/articles/2016-04-27/fed-waits-for-economy-to-give-green-light-to-hike-as-risks-abate
- Statement signals optimism about consumer spending, jobs
- Policy makers refrain from definitive signal on June rate rise
The strong conviction about growth, inflation and global stability needed to raise interest rates didn’t show up for officials at the Federal Open Market Committee meeting this week. They’re still open to finding it soon.
U.S. central bankers skipped an interest-rate hike for the third straight meeting since kicking off the tightening cycle in December. Their statement suggested they remain positive about the underpinnings of U.S. growth and are less worried -- though not completely reassured -- about risks posed by global economic weakness and financial-market turbulence.
“The Fed remains upbeat on the outlook for consumer spending, but is in no rush to pull the trigger a second time,” said Neil Dutta, head of U.S. economics at Renaissance Macro Research in New York. “This explains the continued close monitoring of inflation indicators, global economic and financial developments
more...
www.bloomberg.com/news/articles/2016-04-27/fed-waits-for-economy-to-give-green-light-to-hike-as-risks-abate
