The shift in policy comes even though the global economy continues to grow
Settlement includes up to $425M in monetary relief to customers
Dip in apartment constructions offsets gains in single-family homes
Consumer confidence remains high in spite of economic uncertainties
Jerome Powell cited low inflation as a justification for potentially lowering interest rates
Contributing factors include slowing economic growth, trade disputes, previous rate hikes and rising labour costs
The monetary policy report noted increased uncertainty in the economic outlook
Strong performance could complicate the Fed’s rate decision
The president announced his planned nominations in a tweet on Tuesday
Consumer confidence slipped, but remains high