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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

December 11, 2019
US MONETARY POLICY

After 0.25 percentage point reductions in July, September and October 2019, the Federal Open Market Committee (FOMC) voted today to leave the target range for the federal funds rate at 1.50 to 1.75 per cent.  The FOMC noted that they will continue to monitor the implications of incoming information, including global developments and muted inflation pressures, when they assess monetary policy.

The latest information shows the US economy is growing at a moderate pace with solid job gains and low unemployment. Household spending has been strong but exports and business investment continue to be weak. Overall inflation and inflation excluding energy and food are both running below 2 per cent.

 

US Federal Reserve



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