Economics

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.

Robert Spendlove and Joseph Mayans Nov 21, 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. 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. 


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