Unanimous Vote: Fed Leaves Rates Unchanged, With No Hint Regarding Timing Of Future Move

Following a two-day policy meeting, the Federal Reserve voted unanimously to leave interest rates unchanged, with little indication of when to expect another move this year.

The Fed left the benchmark rate between 0.50% and 0.75%, a decision that was of little suprise to investors, though experts are keeping their eyes and ears turned to central bankers for any indication of a March move. Fed Governors moved rates in December for the first time in 12 months, and Chairwoman Janet Yellen said she expects rates to rise “a few times a year” through 2019, with three quarter-point increases slotted for this year, the Wall Street Journal reports.

This is the first Fed meeting since President Donald Trump took office and though the Fed did not comment on the president's potential policies and their impact on the economy, Fed Governors did say the economy is showing signs of improving. [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

USG To Unveil New Solution For Data Center Partners At DICE South In Texas

CRE’s ESG Retreat Masks Growing Spending On Climate Risk

Blackstone Vice Chairman Tom Nides On Leadership And The Future Of CRE

Delaware Statutory Trust Fundraising Jumps 31%, Putting 2026 On Track For A Record $10B

Fannie Mae Latest Lender Suing Alan Stalcup To Collect 'Bad Boy' Guarantee

Brookfield Accelerates Launch Of Giant Real Estate Fund As Market Improves

California Real Estate Exec Charged In Child-Safety Sting

Elon Musk's Space Data Center Vision Collides With Wall Street's Bottom-Line Reality

HUD Withholds Voucher Funding, Pushing Landlords, Tenants To The Brink

Simon Property Group Family Embroiled In Lawsuit Over Real Estate Offshoot

Office Leasing Posts Strongest First Half Since 2019

Apollo Gives Starwood's REIT A $1B Boost With Affordable Housing Investment