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January 29, 2020 | Fed Holds Rates Steady, Says Almost Nothing

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
The Fed held its baseline rate at 150 to 175 basis points. It also made two tiny changes in its statement.
Statement Tracker

The above from the Wall Street Journal Statement Tracker.

Two Changes

  • Spending is now moderate, not strong
  • Inflation is “returning to” rather then “nearing” the objective.

Mike “Mish” Shedlock

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January 29th, 2020

Posted In: Mish Talk

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