Tag Archives: FOMC

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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Fed Holds Rates Steady

The Federal Open Market Committee (FOMC) unanimously voted to hold the current target for the federal funds rate at 50-75 basis points in February. “In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent. The stance of monetary policy remains accommodative, ...

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Fed Raises Rates for First Time in 2016

The Federal Reserve Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate by 25 basis points to 0.50 to 0.75 percent. Today’s widely expected move marked the first change in the federal funds rate since it was increased by a quarter percentage point in December 2015. The projected policy path for the federal ...

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Yellen to Congress: Economic Growth to Continue

Economic growth in the U.S. is picking up pace in the final months of 2016 and will continue growing “over the next couple of years,” Federal Reserve Chairman Janet Yellen told the Joint Economic Committee of Congress today. Yellen emphasized steady unemployment rates and “above-trend job growth” as reasons to expect continued “moderate” economic expansion, an acceleration from the “modest” ...

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Fed Holds Steady in November

The Federal Open Market Committee (FOMC) once again maintained the current target for the federal funds rate at 25-50 basis points in November. “The Committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives,” said ...

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FOMC Minutes: Hike May be Appropriate ‘Relatively Soon’

Fed officials were divided during the September 20-21 Federal Open Market Committee (FOMC) meeting as to whether a rate hike was warranted, according to the minutes of the meeting released today. The minutes noted that “a reasonable argument could be made either for an increase at this meeting or waiting for some additional information on the labor market and inflation,” ...

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