September 2018 TPIF

Market Data

FOMC Meeting 09/26/2018

 The FOMC stated data received from their last meeting in August “indicates that the labor market has continued to

strengthen and that economic activity has been rising at a strong rate.”

 The Federal Reserve raised the Fed Funds Target Rate to 2.00—2.25% from 1.75—2.00%.

 “Risks to the economic outlook appear roughly balanced”, stated the FOMC in their August 1, 2018 press release.

 The next FOMC policy statement meeting is scheduled for November 8, 2018.

Fed Funds Target Rate (Upper Limit)

2.50%

2.00%

1.50%

1.00%

0.50%

0.00%

US Treasury Curve

3.50

08/31/2018

09/28/2018

3.00

2.50

2.00

1.50

0

5

10

15

20

25

30

Years

Treasury Curve Differentials

3 Mo

6 Mo

1 Yr

2 Yr

3 Yr

5 Yr

10 Yr

30 Yr

09/28/2018 - 08/31/2018

0.08

0.08

0.13

0.19

0.18

0.20

0.19

0.17

09/28/2018

2.19

2.36

2.59

2.81

2.88

2.94

3.05

3.19

08/31/2018

2.11

2.28

2.46

2.62

2.70

2.74

2.86

3.02

The US Treasury Curve and its forecasted values are subject to frequent change and will be updated monthly with each

issued TPIF report.

COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR

4

www.countytreasurer.org

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