'We see the current stance of policy as likely to remain appropriate, as long as incoming information about the economy remains broadly consistent with our outlook,' Powell said on what may cause the FOMC to reassess its decision on cutting rates.
In their public speeches, Powell and multiple other Fed officials have characterized the U.S. economy as strong, led by solid consumer spending but threatened by exogenous factors such as global weakness, the U.S.-China tariff war and uncertainties associated with Brexit.The statement continued to view the labor market as one that "remains strong" and economic activity as "rising at a moderate rate.
In addition to the solid performance in the jobs market and in consumer spending, stock market averages are around new highs.
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