Apr 29
Monetary-policy meeting at the Federal Reserve
Interest-rate announcement Current interest rate: 2.25% • In favour of unchanged interest rates: • very sharp cuts since the turn of the year • several FOMC members have expressed their concern about inflation • In favour of 25 bp cut: • wage increases will fall along with a rise in unemployment • still problems in the financial sector • traditionally, the Fed cuts rates to below 2% during a recession Market expectations: -25 bp Jyske Bank’s expectations: -25 bp
