FOMC UPDATE WITH JIM BARNES
BMT - Banking, Wealth & Insurance
English - December 13, 2019 14:00 - 9 minutes - 6.83 MB - ★★★★★ - 1 ratingInvesting Business News Business News banking wealth management investing insurance trusts estate planning small business banking asset management personal finance business banking Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Jim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on December 11, 2019, the last meeting of the year. After three consecutive meetings concluding with an interest rate cut, the Fed left the federal funds target range unchanged at 1.50% - 1.75%. The Fed is expected to remain on hold in 2020 based on the revised Summary of Economic Projections. Jim discusses the Fed’s current economic outlook as well as monetary policy in a low inflationary environment.