Demand for short-term funding from the Federal Reserve is still running high ahead of the typical year-end cash crunch, even as the central bank has poured
Minutes of the Federal Reserve’s last policy meeting reinforced the central bank’s message that it may be done cutting rates barring economic weakness.
"Most" Federal Open Market Committee members saw the moves as enough "to support the outlook of moderate growth," the minutes showed.
The Fed is likely to indicate it's not in a hurry to do anything to change its neutral stand on interest rates, following its meeting Wednesday.
"They certainly don't need to ease to help the labor market. It's doing great all by itself," says former Fed vice chairman Donald Kohn.
While we have yet to see where Q4 GDP will come out, the fact that the Fed cut rates three times in a quarter in which the economy rose 2.1% will surely prompt questions of what happens when the US economy finally contracts?
'We need to catch up on the years in which we procrastinated. If we don't do this, the 1.5C goal will be out of reach before 2030,' UN chief says
Global carbon emissions are set to grow more slowly in 2019, with a decline in coal burning offset by strong growth in natural gas and oil use worldwide—according to researchers at the University of East Anglia (UEA), University of Exeter and the Global Carbon Project.