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The meeting minutes from the December 11th monetary policy meeting will be released today by the Federal Reserve bank. The Federal Reserve Bank kept interest rates steady in December at 1.50% – 1.75%.
Investors will be looking to today’s release for any clues on the future course of monetary policy. In a holiday-shortened week, besides the ISM manufacturing report, this will be the biggest headline.
The impact of today’s report is unlikely to play a big role in the markets unless the information reveals information not previously known.
The Fed has been responsive to the current state of the US economy. Despite concerns of a possible recession, the economy will no doubt see a slower pace of growth. But still, this remains within the acceptable limits.
In some aspects, the Fed’s decision to cut rates is seen as a positive for the markets. Amid faltering growth and trade tensions, lower rates remain consistent with the current economic situation.
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