Charles Schwab’s Bond Insight contributor Collin Martin published an article on January 30, 2019 outlining the Feds most recent decision to keep its short-term interest rate steady.
•As expected, the Federal Open Market Committee (FOMC) on Wednesday left short-term rates unchanged. The target range for the federal funds rate is still 2.25% to 2.5%.
•The Federal Reserve’s post-meeting statement was updated to reflect that the committee will take a “patient” approach to future policy changes. The central bank also indicated that it may be more flexible with its balance sheet normalization process in the future.
•Bond yields fell on expectations for a slower future pace of hikes, while stock prices rose.
To read this entire article by Charles Schwab click here.