日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Fed likely to hold interest rates steady: Analysts

By SCOTT REEVES in New York | China Daily Global | Updated: 2020-01-28 02:05
Share
Share - WeChat

The US Federal Reserve is likely to hold interest rates steady when it meets Tuesday and Wednesday in Washington, analysts believe.

The economy is strong and US-China trade dispute that roiled the economy last year has been calmed by the signing of a Phase One trade deal earlier this month.

As a result, the Federal Open Market Committee (FOMC) is likely to leave the federal funds rate at its current target level of 1.50 to 1.75 percent. The rate determines what banks charge each other for overnight lending, but also affects the cost of consumer debt and therefore influences spending.

The Fed is scheduled to announce its decision Wednesday.

"Economic conditions have changed little since the FOMC met in December, while financial conditions have eased significantly further," New York investment bank Goldman Sacks said in a research note to investors issued last week. "We expect minimal changes to the statement and for the policy guidance section to remain unchanged."

The Fed had raised rates nine times since December 2015. But in 2019, the Federal Reserve cut interest rates by one-quarter point in July, September and October amid slower US growth and fears of a global economic slowdown. However, notes of the deliberations released after the meeting showed some FOMC members disagreed with the action and saw no reason to cut rates.

In December, Fed Chairman Jerome Powell said the cuts had brought interest rates to an "appropriate place." This month, analysts believe he will face no challenges to leaving rates at current levels for the foreseeable future.

"Beyond the January meeting, we see a high bar for policy moves in either direction, and we expect the funds rate to remain unchanged in 2020," Goldman Sachs analysts David Choi and Jan Hatzius said in a research note.

"Comments from Fed officials suggest wide agreement that the policy rate is likely to remain unchanged for a while, and we expect this meeting to further cement the Fed policy outlook as firmly on hold."

Inflation remains below the target of 2 percent annually. This is good news for small savers because it means inflation won't erode returns and yields on certificates of deposit and savings account probably won't go much lower in the immediate future.

For businesses, it means the cost of borrowing remains low and predictable. The Fed hopes low rates will spur investment, expand the economy and create new jobs. US employment is near record levels — and President Donald Trump is expected to tout the strong economy during his re-election bid this year.

Steady rates are good for the stock market in part because winning investments offer higher returns than bank CDs or bonds. But prolonged low inflation might keep the public expectation low and this could make it harder for the Fed to get back to its 2 percent target, the Goldman Sachs analysts warned.

"We continue to believe the Fed will formally adopt some form of average inflation targeting, most likely a 'fuzzy' version which formalizes the committee's desire to have inflation run modestly above 2 percent in the strong part of the business cycle, but stops short of a mechanical commitment to make up for below-target misses."

The Federal Reserve, the US central bank and an independent agency, was created by Congress to provide the nation with a stable monetary system that fosters economic growth.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 女人裸体让男人桶全过程 | 日韩视频区 | 亚洲国产欧美在线 | 玖玖精品视频在线观看 | pornoⅹxxxxhd麻豆| 欧美精品免费在线 | 丁香婷婷电影 | 香港三级大全 | 青青青青手机在线视频观看国产 | 国产精品69人妻无码久久久 | 色999精品 | 国产视频h | 日韩顶级片 | 噜噜噜天天躁狠狠躁夜夜精品 | 色免费看 | 国产二区在线播放 | 在线欧美日韩 | 欧美日韩精品国产一区二区 | A片好大好紧好爽视频 | 99在线观看精品 | 天天综合网在线观看视频 | 一级激情片 | 又大又紧又硬又湿a视频 | 日日摸夜夜摸人人嗷嗷叫 | 高清国产一区二区三区四区五区 | 黄色综合网站 | 色综合久久精品中文字幕首页 | 妞干网免费在线观看 | 国产精品综合色区小说 | 午夜小视频在线 | 亚洲一区二区久久 | 久久婷五月综合 | 国产美女极品免费视频 | 一区不卡 | 精品精品国产高清a毛片 | 久久精品欧美一区二区三区不卡 | 欧美激情黄色 | 国产免费高清无需播放器 | 日本一道本视频 | 欧美最爽乱淫视频免 | 久久影院在线观看 |