Relevant:
- Fed Ends Zero-Rate Era; Signals 4 Quarter-Point 2016 Increases
- Orders for U.S. Capital Goods Decline by Most Since February
- U.S. GDP Grows Below-Forecast 2.6% on Trade, Inventory Drags
- Weak U.S. business spending plans point to slower economic growth (+FED DELAY)
- Goldman Sachs's Profit and Revenue Fell in Quarter (REGULATION, FIXED-INCOME DIE-OFF, MORTGAGE SETTLEMENTS, OH MY!)
2018-11-08 — cnbc.com
The policymaking Federal Open Market Committee, as expected, unanimously approved keeping the federal funds rate in a range of 2 percent to 2.25 percent. Markets figured the central bank would hold the line at this meeting and probably approve a quarter-point hike in December, which would be the fourth of the year.
... the statement noted that the "growth of business fixed investment has moderated from its rapid pace earlier in the year." There was no detail or data given for why officials see investment declining, though companies reported during third-quarter earnings season that some of their investment plans have been curtailed due to the ongoing trade war between the U.S. and China.
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