FOMC MEETING RECAP

BMT - Banking, Wealth & Insurance

English - June 19, 2019 20:00 - 15 minutes - 10.5 MB - ★★★★★ - 1 rating
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Jim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the two-day Federal Open Market Committee (FOMC) meeting that concluded on June 19 as well as the post-FOMC meeting press conference held by Fed Chair Jerome Powell. Jim noted a disappointing recent jobs report, healthy consumer spending data, a noticeable drop in bond yields, and the Fed’s elevated concern over certain economic metrics. Overall, the Fed left the federal funds target rate unchanged between 2.25% and 2.50%.