In its December decision, the Federal Open Market Committee kept interest rates on hold. This was a widely expected move after three rate cuts earlier this year. Beyond the rate decision, people were most interested in the tone of the statement issued and whether the outlook for 2020 will be dovish, hawkish or neutral. Daniel Tenengauzer, head of markets strategy and insights at Bank of New York Mellon, joins Mark Sobel, US chairman of OMFIF, to discuss the rate decision and prospects for 2020.
For more on the Fed:
Fed’s enduring target rate debacle
November Fed talk: Can structural problems in money markets be resolved?
