Federal Open Market Committee, January 29-30
· The Fed is willing to act decisively to maintain orderly functioning in financial markets, and thus lower the risk of a sharper slowdown in economic activity · As a consequence of this strategy, FOMC will continue lowering the fed fund rates in the coming months The FOMC lowered the fed funds rate by 75 bp last Tuesday, in a “decisive” action that could have been in the cards during the meeting ending on January 30, as the economic outlook deteriorated in previous months and “appreciable
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