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The Federal Reserve Bank will be releasing the meeting minutes from the January Fed meeting. The central bank held its monetary policy meeting on January 29th, 2020. At the meeting, the central bank voted to keep interest rates steady at the current levels of 1.50% – 1.75%.
Today’s meeting minutes cover the Fed decision.
By all means, investors do not expect to see any new information from the minutes. This view comes following the Fed Chair, Jerome Powell’s testimony to the US Congress last week.
In his testimony, the Fed Chair said that central bank officials were keeping an eye on the coronavirus and its impact on the economy. In regards to the United States’ monetary policy, the central bank chief did not give out any new information.
Heading into the year, the Fed looks towards keeping its monetary policy unchanged through the course of the year. This comes amid a bout of weakness in the US economic growth.
The US econo...
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