
The Fed Leaves Fed Funds Rate At 4.5% As Economic Storm Clouds Gather – OpEd
By Ryan McMaken
On Wednesday, the Federal reserve’s Federal Open Market Committee left the target federal funds rate unchanged at 4.25-4.5 percent. The FOMC statement on the current policy, released on Wednesday, reads (my emphases in bold):
Although *swings in net exports have affected the data*, recent indicators...