FOMC meeting on September 25-26, 2018: this meeting is associated with a Summary of Economic Projections and a press conference by the Federal Reserve Chair Jerome ("Jay") Powell. The 25 basis point increase to a 2.00% - 2.25% target for the fed funds rate was expected. Fed Funds Futures odds here.
The 2:30 pm EDT press conference did include a question about trade policy although Chairman Powell has avoided this issue in the past. Will tariffs cause inflation, increasing the need for more rate hikes, or chill spending and capital investment, negating further need for higher interest rates?
|Fed Chairman Powell|
|FOMC Summary of Economic Projections for the Fed Funds Rate Jan 2018 - Jan 2020, Median (FEDTARMD)|
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