Tom Wilson, Managing Director, Wealth Advisory &
Senior Investment Manager
After completing their two days of meetings, The Federal Reserve decided to leave the Federal Funds Rate unchanged. As noted in yesterday’s blog, this was the consensus opinion of what would take place today.
The Fed noted that general business conditions had improved since their last meeting in July. They specifically noted the continued improvement in the labor markets, strength in the housing sector, and modest improvement in consumer and business spending. On the negative side, they stated that export growth has been soft and that inflation continued to run below the committee’s longer-term target. In addition, Fed chair Janet Yellen commented that weakening global growth had also contributed to today’s low level of inflation.
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.