FOMC Meeting: September 17th-18th

As we expected, the Fed lowered its benchmark interest rate by 25bp to 1.75-2.0%.

Key points

• Key points:
• The cut was again justified by the committee’s view on a “wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations
• The uncertainty around our scenario has increased with new dot-plot, threat of high-levels of trade uncertainty and because the Chairman kept the door opened to further cuts in 2019

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