Fed might continue to hold rates in the months to come.
Well-Suited: Federal Reserve officials at their mid-December meeting said their monetary policy was likely to remain appropriate “for a time” even amid what they saw as persistent downside risks.
Officials “discussed how maintaining the current stance of policy for a time could be helpful for cushioning the economy from the global developments that have been weighing on economic activity,” the minutes said.
Hit Refresh: The Fed cut its benchmark rate at three consecutive meetings between July and October to a range between 1.5% and 1.75% in the backdrop of the global economic slowdown and US China trade war. Officials held the rate steady in December and indicated they felt no urgency to reverse those cuts anytime soon. Reuters
No Respite: Factory activity in the US contracted for the fifth straight month in December on the back of the ongoing US China trade tensions.
The Institute for Supply Management reported that its factory index fell to 47.2 in December from 48.1 in November - the lowest level since June 2009. CNN Business
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