Report
Colin Plunkett
EUR 100.00 For Business Accounts Only

Fed Maintains Policy Rate, No Real Surprises During the May Meeting

There were no surprises as the Federal Open Market Committee (FOMC) voted to maintain its target rate range at 2.25%-2.5% in its third official meeting of 2019. The vote was unanimous. While the last meeting saw the dot plot move in a decidedly dovish direction, the current release and press conference did not represent to us any obvious directional shift. The latest real GDP print of 3.2% for the first quarter of 2019 supports the case that the economy is doing fine, although the release did hi...
Underlying
American Express Company

American Express is a payments company. The company is engaged in providing credit and charge cards to consumers, small businesses, mid-sized companies and corporations. The company's reportable operating segments are: Global Consumer Services Group, which provides services to consumers, including travel and lifestyle services; Global Commercial Services, which provides payment and expense management services, as weel as commercial financing products; and Global Merchant and Network Services, which operates a global payments network that processes and settles card transactions, acquires merchants and provides multi-channel marketing programs and capabilities, and services and data analytics.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Colin Plunkett

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