Tag Archives: FOMC

FOMC Articulates Continued Rationale for Gradual Rate Rise Plan

The Federal Open Market Committee yesterday released minutes illuminating its rationale at its May 2-3 meeting for holding the target federal funds rate at 0.75 to 1 percent but sticking to a plan for gradual rate increases throughout the year. The unanimous decision came in light of accelerating economic growth, which followed a notable slowing that prompted the committee to ...

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Fed Holds Rates Steady

The Federal Reserve Open Market Committee (FOMC) unanimously voted to hold the target range for the federal funds rate steady at 0.75 to 1 percent at their May meeting. The Committee had raised rates by 25 basis points at their previous meeting in March with the expectation of two more rate increases this year. The FOMC recognized that growth in ...

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Report: Trump ‘Very Close’ to Fed Nominations

President Trump is “very close” to nominating a Federal Reserve vice chairman for supervision and another governor to fill a designated seat for an individual with community bank expertise, according to Treasury Secretary Steven Mnuchin, who was interviewed with Trump by the Wall Street Journal.

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FOMC Minutes: Shrinking of Balance Sheet Could Begin this Year

Fed officials expressed that they anticipate the reduction of the $4.5 trillion portfolio to begin later this year as interest rates continue to increase, according to the minutes of the meeting released today. “Most participants anticipated that gradual increases in the federal-funds rate would continue and judged that a change in the (Fed’s) reinvestment policy would likely be appropriate later ...

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Boston Fed Chief Calls for Four Rate Hikes in 2017

The Federal Open Market Committee should raise interest rates at every other meeting by default in 2017 unless economic data come in that are inconsistent with forecasts, Federal Reserve Bank of Boston President and CEO Eric Rosengren said today.

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Fed Raises Rates for First Time in 2017

The Federal Reserve Open Market Committee (FOMC) voted to raise the target range for the federal funds rate by 25 basis points to 0.75 to 1 percent. The vote was near unanimous, with Minneapolis Fed President Neel Kashkari casting the only dissenting vote, wanting to hold rates steady. The projected policy path for the federal funds rate was in line ...

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FOMC Minutes: Hike May be Appropriate ‘Fairly Soon’

Fed officials expressed that they could raise interest rates “fairly soon” as an improving economy and the possibility of faster than anticipated inflation could put the economy at risk of overheating, according to the minutes of the meeting released today. “Many participants expressed the view that it might be appropriate to raise the federal funds rate again fairly soon if ...

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