December 12, 2019

The Fed stays put, and plans a long pause.

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

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.
The Fed stays put, and plans a long pause.
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • 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.

Download the full publication below

Powering progress the Sycomore Global Education Fund

Also interesting

brainstorming-concepts
June 23, 2021
Press Releases

Aperture Investors and Sycomore AM Funds now available through Volksbank

Picture1
00:07:08
June 22, 2021
Podcast

The Spotlight ǀ Powering progress: Luca Fasan presents the new Sycomore Global Education Fund

Picture1
June 22, 2021
Active Equity

Powering progress: the Sycomore Global Education Fund