All
Blog
Case Studies
Industry News
Info Sheets
Market Analysis
Webcasts & Podcasts
Whitepapers & Ebooks

All
Procure-to-Pay
Payments Automation
Commercial Cards
Cross-Border
Virtual Card
Global payments
Risk management
Expense management

All
Reduce costs
Customize controls
Apply insights
Simplify processes
Mitigate fraud and risk
September 20, 2023
LinkEmailTwitterLinkedin

Analysts react to Federal Reserve leaving interest rates unchanged

"This wasn't a "pause", it was a "skip". With the economy performing better than expected and inflation pressures remaining persistent, Fed officials chose to maintain a hawkishly data-contingent bias in this afternoon's statement and dot plot… Policymakers are clearly trying to shift from 'higher' toward 'longer' in their communications strategy as they work to prevent a counter-productive easing in financial conditions. But the fundamentals also support this strategy - signs of excess demand are everywhere in the U.S. economy, and headwinds remain remarkably subdued." - Corpay’s Karl Schamotta on this afternoon’s Fed decision.

Read the Reuters article here.