Risks to the Economic Outlook. The fundamentals of the u. S. Economy remain strong. The Unemployment Rate has been near halfcentury lows for more than a year. The anticipation of job gains have been solid and wages have been rising. These strong labor Market Conditions have underpinned solid household spending, which has been the key driver of Economic Growth over the past year at the time of our fomc meeting in january, prospects for continued Economic Growth remained favorable, and we judged that Monetary Policy was well positioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks the virus has afflicted many communities around the world and our thoughts and prayers kgo out tho those who have been harmed its also disrupted Economic Activity in many countries and has prompted significant movements in Financial Markets the virus and the measures that are being take on the contain it will surely weigh on Economic Activity both here a
Economy remain strong. The unplanned rate has been near halfcentury lows for more than a year. Job gains solid in wages have been rising. These strong labor Market Conditions have underpinned solid household spending, which has been the key driver of Economic Growth over the past year. Fomc meetingf our in january, prospects for growth remain favorable. Judge that monitoring policy was wellpositioned to support that outlook. Since then, the spread of the coronavirus has brought challenges and risks. The virus has afflicted many communities around the world and our thoughts and prayers go out to those who have been harmed. The art break has disrupted Economic Activity in many countries and has prompted movement in Financial Markets. To virus and measures contain will weigh on Economic Activity, both here and abroad for some time. We are seeing effects on tourism and travel industries and hearing concerns from industries that rely on Global Supply chains. The magnitude and persistence of
Good morning, everyone. Earlier today the federal open Market Committee announced a one half percentage point reduction in the target range for the federal funds rate bringing that range to one1. 25 . My colleagues and i and i tooks action help the u. S. Economy keep strong in the face of new risks to the Economic Outlook. The fundamentals of the as the economy remain strong if the Unemployment Rate has been near halfcentury lows for well more than a year. The pace of job gains has been solid, and wages have been rising. These strong labor Market Conditions have underpinned solid Household Spending which has been the key driver of Economic Growth over the past year. At the time of our fomc meeting in january, prospects for continued Economic Growth remained favorable and we judge of Monetary Policy was well positioned to support that outlook. Since event the spread of the coronavirus has brought new challenges and risks. The virus has afflicted many communities around the world, and ou
Good morning, everyone. Earlier today the federal open Market Committee announced a onehalf percentage point reduction in the target range for the federal funds rate, bringing that range to 1 to 1 1 4 percent. My colleagues and i took this action to help the u. S. Economy keep strong in the face of new risks to the Economic Outlook. The fundamentals of the u. S. Economy remain strong. The unemployment race has been near half century lows. The pace of job gains have been solid and wages have been rising, underpinning solid Household Spending which has been the key driver of Economic Growth over the last year. At the time of our meeting in january, prospects for continued Economic Growth remained favorable and we judged that Monetary Policy was wellpositioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks. The virus has afflicted many communities around the world and our thoughts and prayers go out to those who have been harmed. Th
End Coal Financing being undermined by new credit from china and japan. Lets take a look at the markets now. Looks like very much like the past couple of weeks although potentially more so. Very volatile, s p 500 futures have begun to trade and we automatically have begun to see a decline of 2. 8 . We saw last week a gain in the u. S. The s p but the average move was three points. Olatility is still reigning sustaining stocks losses for a second day. The safe even been coming back coming safe haven bid back strong. The u. S. The yen is strongest since the 2016 election in the u. S. A rough day, 41 a barrel for oil. Now investors are expecting more. Lets take a longer look at wti crude. Not even not only did the meeting in vienna not result in agreement, but saudi arabia has initiated an allout price war saying they will pump 10 Million Barrels a day next month. Some analysts are expecting 30 oil prices again, near the lowest level over the past two decades. One analyst said he sees pot