Fostering positive change through investments: Generali leverages its role as a key global institutional investor and asset manager to apply strict ESG (Environmental, Social and Governance) criteria to the Group’s investments.
As widely expected the Fed kept rates stable and did not make any substantial changes to the economic outlook. The dots signaled a strong preference for stable rates in 2020 with only four FOMC members now seeing a hike.
As widely expected the Fed kept rates stable and did not make any substantial changes to the economic outlook.
The dots signaled a strong preference for stable rates in 2020 with only four FOMC members now seeing a hike.
Chair Powell reiterated the Fed’s concern for stubbornly low inflation and reckoned that labor market slack is larger than expected. This will be conductive to a review of the policy rule, which will likely lead a downward revision of the expected policy rate path in the coming meetings.
Given our less upbeat 2020 growth forecast (1.6% versus the 2% penciled in by the Fed) and the slide in expected inflation we stick to our forecast of another rate cut in the first half of 2020.
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The Fed stays put, and plans a long pause.
In Short
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