* The
Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m.
'In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the committee decided to lower the target range for the federal funds rate,' the
Federal Open Market Committee (FOMC) said in a statement.
The Federal Reserve says in today's statement, "Information received since the
Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate.
Federal Reserve Chair Jerome Powell speaks to the media after the
Federal Open Market Committee meeting, Wednesday, June 13, 2018, in Washington.
The results of the meeting of the
Federal Open Market Committee will be disclosed Dec.
Investors picked up the hawkish hint from the minutes of the US
Federal Open Market Committee (FOMC)'s April meeting.
Mumbai: The S&P BSE benchmark Sensex ended lower by 114 points to 28,622.12 on fresh selling pressure mainly in power, IT, capital goods and auto sectors amidst mixed Asian cues ahead of the United States'
Federal Open Market Committee's two-day policy meeting.
The
Federal Open Market Committee (FOMC), which is responsible for the Fed's open market operations, noted in the statement that it expects, "with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate." The FOMC also "continues to see the risks to the outlook for economic activity and the labor market as nearly balanced.
Participants of the June 17-18
Federal Open Market Committee meeting saw the economy rebounding from a weak first quarter, largely blamed on bad weather.
The Bank said that it has appointed governor Kevin Warsh, a former member of the Board of Governors of the Federal Reserve System and member of the
Federal Open Market Committee, to undertake the review.
The bank's policy board, the
Federal Open Market Committee, said after a two-day meeting that the economy continued to grow at a 'moderate' pace, indicating that it was ready for more easing.