Fed Watching: Few Changes to the Policy Statement
As was widely expected, the FOMC left the fed funds rate target range unchanged at 2%–2¼% today. The vote was unanimous. The FOMC’s policy statement contained no surprises with the Fed simply noting the further decline in the unemployment rate and the moderation in business investment. The Fed remains firmly on track to raise rates for the fourth time this year at the December 19 meeting.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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