Friday's jobs report provided a respite from all the pessimism on the economy amid poor numbers and persistent uncertainty on US-China trade negotiations
The Fed said it will 'monitor the implications of incoming information for the economic outlook as it assesses the appropriate path' of its target interest rate
Five officials wanted to keep rates unchanged, while five saw a quarter point as appropriate this year and seven wanted a half point
The central bank's leadership is under immense political pressure from Trump, who denounces its reluctance to slash rates more aggressively on Twitter almost daily
President Donald Trump has demanded the Fed cut rates to bolster growth as he piles tariffs on Chinese imports to try to win a better trade deal
The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring
The Fed cut rates last month for the first time in a decade and signalled it was open to doing more amid slowing global growth
Fed rate cuts in conjunction with additional fiscal stimulus could result in higher inflation - which could spook markets and lead to a nasty unwinding
Fed chair Jerome Powell, later in the presser, said that the rate cut has been in the pipeline for a while and doesn't necessarily portend a long cycle of rate cuts
With the US-China trade standoff still to be resolved and with Brexit also in limbo, a cut in rates should help to assuage sentiment
His signal on Wednesday that the Fed is preparing to lower borrowing costs will allow monetary authorities in developing markets to ease policy without triggering an exodus of capital
This followed comments by US Federal Reserve Chairman Jerome Powell, who signalled willingness to lower interest rates
Forecasts released at the end of its two-day policy meeting showed 11 of Fed's 17 policymakers anticipate no rate hike this year, compared with just two who had that forecast in December
In its statement, the Federal Open Market Committee repeated January language that it will be "patient" amid "global economic and financial developments and muted inflation pressures"
Defying pressure from the US President Donald Trump to pause rate hikes, the US Federal Reserve raised interest rates by a quarter-point on Wednesday
The Federal Open Market Committee is expected to raise interest rates for the fourth time this year during its two-day meeting on interest rate policy
Fed Chairman Jerome Powell suggested a technical adjustment to the so-called interest on excess reserves rate
Trade issues and higher US interest rate could create outward capital flow pressure for India, but risks this year are more moderate compared with 2013, S&P Global Ratings said today. In its report APAC Economic Snapshots- July 2018', S&P said Asia-Pacific region's macroeconomic growth momentum remains strong despite further trade tensions between the US and China. It said economic data from India continue to be positive overall. The purchasing manager indices are above 50 and trending upward, suggesting a broad-based and strengthening upturn. The rupee has stabilised in recent weeks, although trade issues and higher US interest rate could again create outward capital flow pressure, S&P said. Credit growth is also accelerating. Trade growth looks robust, but higher oil prices are hurting the overall external balance. Rising oil prices are also pushing inflation higher, it added. While India remains vulnerable to capital outflow pressures arising from higher US interest ...
Trade war fears, higher oil prices weigh on investor sentiment
Markets will look to it for confirmation the central bank is on track for a December rate hike