Economic Update - November 2019
Officials at the Federal Reserve have signaled a pause in interest rate cuts after lowering rates for the third time this year at their late-October meeting.
Officials at the Federal Reserve have signaled a pause in interest rate cuts after lowering rates for the third time this year at their late-October meeting. Citing a strong labor market and solid economic growth, Federal Reserve Chairman, Jerome Powell, called the current interest rate stance “appropriate” given the state of the economy. The latest employment report showed better-than-expected job creation in October, with 128,000 jobs being added. And while the unemployment rate rose slightly from 3.5 percent to 3.6 percent, it was because more individuals entered the labor force in search of work. Economic growth also outperformed estimates for the third quarter, rising 1.9 percent.
Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank, as we discuss the recent change in Fed policy and the current state of the U.S. economy.
Not all content on this page originates from Zions Bank. Links on this page may redirect you to other websites with different levels of privacy and security from Zions Bank. Zions Bank does not endorse or guarantee the privacy, security, accuracy, or performance of those sites, or the information, products, or services expressed or offered on those sites.
Content is offered for informational purposes only and should not be construed as tax, legal, financial or business advice. Please contact a professional about your specific needs and advice. Content may contain trademarks or trade names owned by parties who are not affiliated with Zions Bancorporation, N.A. Use of such marks does not imply any sponsorship by or affiliation with third parties, and Zions Bancorporation, N.A. does not claim any ownership of or make representations about products and services offered under or associated with such marks.