Noting global weakness, muted inflation and the impact of trade policy on the economy, the Federal Open Market Committee today cut rates by 25 basis points. The move was widely expected but there was some additional news in the official announcement and press conference that followed, as you’ll hear in our FOMC update with Charles Carmody, CFA, Vice President, Co-Portfolio Manager and Sr. Fixed Income Trader, and Christian Brobst, Vice President, Associate Portfolio Manager.
The markets’—bond, stock and currency—immediate reaction to the meeting outcome was muted.
Advisors, for information about Calamos’ perspectives or funds, contact your Calamos Investment Consultant at 888-571-2567 or email@example.com.
Update recorded 9/18/19.
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