Fed holds interest rates steady — but it leaves itself plenty of wiggle room by removing ‘patient’ pledge

The Federal Reserve on Wednesday left its key interest rate unchanged and signaled it’s unlikely to cut borrowing costs in 2019, but the central bank also left itself wiggle room by saying it would “closely monitor” the economy in light of waning inflation and growing “uncertainties.”

Stocks moved higher after the decision. The Dow Jones Industrial Average DJIA, +0.15% rose 75 points. Treasury yields fell. If the economy weakens significantly or inflation goes even lower, the Fed indicated it would be prepared to act. Fed officials themselves appear increasingly divided over the strength of the economy, the direction of inflation and what to do next.

Some analysts contend the Fed is conflicted about the outcome of trade talks between the U.S. and China and whether they can work out a compromise soon. Powell was saying, “’If things get worse, we will act.’ They are trying to calm people down without actually delivering,” Matus said.

Actually the fed needed to get more money into it. Especially foreign to try to do more stupid shit

Makes sense. With unemployment as low as it is, why cut now? Stock market pump, I know. But i want cheaper shares, so...

Outstanding 👺👹🤡

you going to get a pink sleep sooner than later

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