On the Radar: What is the Fed's next move with the federal funds rate?

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OnTheRadar
June 2019
FAQs on the Markets and Economy
On the Radar is a biweekly publication providing quick and concise answers to the topical investment and economic questions that are on investors' minds.
New questions in this issue:
1.
What is the Fed's next move with the federal funds rate?
The Fed concluded its two-day meeting on monetary policy on June 19 and left interest rates unchanged, as expected.
2.
Why does inflation continue to stay so low?
Back in 2012, the Fed decided it wanted to target inflation at 2.0%, like most other major central banks around the world. Since then, inflation has been below that target and the Fed is getting frustrated.
3.
What is the status of the fiscal year (FY) 2020 state government budget cycle?
According to the National Conference of State Legislatures, 46 states begin their FY on July 1, 2019. As of June 18, 2019, 39 states either enacted an FY 2020 budget or await a signature on the budget by their respective governor.
4.
Is the outlook for stocks still positive?
We continue to have enough confidence in the economic outlook, and see sufficient scope for earnings growth, to remain positive on U.S. Equities.
5.
What is City National Rochdale's investment outlook?
Given our continued positive assessment of the fundamental backdrop, we remain positive on equities in general and continue to see attractive prospects in the opportunistic fixed income class.
Read More on CNR.com →
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