SEPT. 18, 2019 - FOMC RECAP AND ANALYSIS
BMT - Banking, Wealth & Insurance
English - September 18, 2019 21:00 - 12 minutes - 8.67 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
Previous Episode: UNDERSTANDING INTEREST RATE SWAPS
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 September 18. As expected, the federal funds target rate was cut by 25 basis points. Chairman Powell acknowledged in the post-FOMC meeting news conference that the underlying strength of the U.S. economy remained very favorable although trade policy uncertainty as well as weak economic growth trends overseas were potential risks to the Committee’s mostly positive outlook for the U.S. economy.