Fed leaves monetary stance unchanged but tweaks IOER


The Federal Reserve left its policy stance unchanged today (January 29) but tweaked the framework it uses to control market rates.

Chair Jerome Powell restated the Fed’s previous message that rates will remain the same unless policy-makers see a “material adjustment” in economic conditions. He also outlined the central bank’s plans for the next steps in its balance sheet and repo market interventions.

The interest rate it pays on excess reserves (IOER) has been lifted 5 basis points to 1.6%.

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!

Comments