June 2019, The Fed Maintained the Benchmark Interest Rate

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Dwi Hadya Jayani 20/06/2019 10:30 WIB

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The Federal Reserve, in a meeting of the Federal Open Market Committee (FOMC), decided to hold its benchmark interest rate in the range of 2.25%-2.5% on Wednesday (June 19).

The Federal Reserve's Benchmark Interest Rate Movement

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June 2019, The Fed Maintained the Benchmark Interest Rate

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The Federal Reserve's Benchmark Interest Rate Movement

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The U.S. Federal Reserve (The Fed), in a meeting of the Federal Open Market Committee (FOMC) on Wednesday (June 19), decided to maintain its benchmark interest rate in the range of 2.25%-2.5%. This decision was marked by dissenting opinions, with James Bullard, President of the Reserve Bank of St. Louis, voting to lower the benchmark interest rate by 25 basis points.

The Fed assessed that the U.S. labor market remained healthy in May 2019 and that economic activity was increasing at a moderate pace. On the other hand, household spending growth increased compared to the beginning of the year, while investment indicators weakened.

The FOMC will continue to monitor economic activity, labor market conditions, and inflation. The Committee will also consider the appropriate timing of any action amid uncertainties stemming from U.S. President Donald Trump's trade policies.

Editor : Hari Widowati

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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June 2019, The Fed Maintained the Benchmark Interest Rate

June 2019, The Fed Maintained the Benchmark Interest Rate

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