Statement Tracker

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The above from the Wall Street Journal Statement Tracker.

Two Changes

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  • Spending is now moderate, not strong
  • Inflation is "returning to" rather then "nearing" the objective.

Mike "Mish" Shedlock

FOMC: Fed Does Nothing, Says Nothing

Ho Hum. The Fed did not hike as roughly 94% expected. Interpretations of the statement are all over the map.

Fed Did Nothing, Said Little: VIX Back Below 10, Yield Curve Flattens a Bit, Silver Jumps

The Fed upgraded its assessment of the economy from moderate to solid but held off on further rate hikes. Baby steps will continue in December. The market prices in a 97.7% chance of a quarter point hike next month.

Fed Eyes Long Pause, No Rate Hikes in 2020

The Fed held rates steady today citing low inflation. Members expect a long pause.

Fed Cuts Rates 1/4 Percent, Three Dissents: Dot Plot Suggests No More 2019 Cuts

The Fed cut interest rates 25 basis point to a target of 1.75% to 2.00%. There were three dissents.

Fed Cuts One-Quarter Point as Expected But Two Dissents for No Cuts

The Fed cut interest rates by 25 basis points but Esther George and Eric Rosengren dissented.

Payrolls Underperform Expectations at 155,000 Jobs, Unemployment Rate Steady

The unemployment rate was steady at 3.7% as the rise in employment was close enough to the labor force rise of 133,000.

Fed Cuts Interest Rate 3rd Time in 2019 With Hints of a Pause

The FOMC committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent.

Mortgage Rates Move Higher on Fed Dot Plot Projections

How many hikes can the Fed get in this year? The Fed estimate is two more. Mortgage rates rose on the news.

Payrolls Exceed Expectations at 250,000 Jobs, Unemployment Rate Steady at 3.7%

The BLS reports jobs expanded by 250,000 vs the Econoday consensus estimate of 190,000 jobs and ADP at 227,000.