LSA-Connect   The FOMC completed their January meeting, with no stated changes in monetary policy, and no dissents. The target fed funds rate remains at 1.50-1.75%. The formal statement was little changed, noting low inflation and economic growth expanding at a ‘moderate’ pace, although household spending was downgraded from ‘strong’ to ‘moderate’ as well, in the only notable difference from December. While insignificant to monetary policy overall, the Fed did raise a unique rate it pays to banks for excess reserves kept at the Fed from 1.55% to 1.60%—more toward the ‘mid-range’ of the fed funds…. Click here to view the full article Source: LSA Connect January 30, 2020  

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