[EN]:

The Fed cuts its policy rate by another 25 bps (to 1.75 -2.00% range) as expected. The second rate cut after the late June meeting, and after 11 years.Despite the rising domestic demand; trade wars, global slowdown and strong dollar pose risks and lead to negative data and global outlook. Recent volatility in repo market and rising short-term rates was another factor.The Fed probably currently considers President Trump as the biggest concern. Their current policy decisions are totally an outcome of the policies followed by the Trump administration.Meanwhile, economic projections are also updated. 3-year growth projections are updated upward while interest rate projections are adjusted downward; unemployment is changed slightly, inflation projections are kept constant:

[TR]:

Kuresel piyasalarin gozu-kulagi FED’de idi bugun. Olumsuz veriler ve kuresel hava sonrasi, beklenti yeni bir faiz indirimi yonundeydi. Temmuz’daki faiz indirimi durusunun devami bekleniyordu. Nitekim oyle de oldu.Fed’in son donem faiz politikasi buyuk oranda Trump’in politikalarini balance etme uzerine kurulu. Trump’in politikalarinin negatif etkilerini minimize etme amacli ve merkezli yurutuluyor.Fed’i 10 yil sonra tekrar mudahale yapmak zorunda birakan repo piyasasindaki likidite sikisikligi ve faiz artislari da bir baska factor:

https://www.federalreserve.gov/newsevents/pressreleases/monetary20190918a.htm

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