“Steady on Interest Rates” Says Federal Reserve

By
Services for Real Estate Pros with ConnectCRE

The Federal Reserve’s Federal Open Market Committee unanimously voted to leave the key U.S. interest rate alone Wednesday. The money policy group will maintain the target range for the federal funds rate at 2.25% to 2.50%.

Fed leaders were more upbeat about the economy too, despite its slow start earlier this year.

Federal Reserve Chairman Jerome Powell said after the two-day meeting, “I see us on a good path,” when evaluating the health of the economy.

Part of the reason cited for not changing the rate was the recent decline in inflation, even though the economy continues to grow “at a solid rate” and the “labor market remains strong.” The Fed acknowledged household spending and business fixed investment slowed in Q1.

A statement issued by the Fed noted, “The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2% objective as the most likely outcomes.” That said, the group promises to “be patient” regarding future adjustments to the target range to keep the economy humming along.

Read the original article at ConnectCRE.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,759,558
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Connect CRE welcome to ActiveRain, and congratulations on successfully posting your first blog on this site.

May 04, 2019 05:44 PM #1
Rainer
453,743
Sara Wagner
Woodland Management Service - Adams, WI
The Forestland Experts!

Nice job on your first post!
Welcome to ActiveRain, I hope that your participation here helps your business to grow.
Btw, I followed your blog, and would be honored if you followed mine.
Thank You!

May 04, 2019 10:54 PM #2
Rainmaker
4,038,002
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Great first post, and hope you continue to post new ones.  Welcome to AR.

May 09, 2019 05:04 PM #3
Ambassador
4,105,383
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

Jun 18, 2019 08:50 PM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
4,405

Connect CRE

ConnectCRE
Ask me a question
*
*
*
*
Spam prevention