Tag Archives: FOMC

No Fed Hike in September

The Federal Open Market Committee (FOMC) maintained the current target for the federal funds rate at 25-50 basis points in September.

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Fed’s Brainard: Near-Zero Rates Are ‘New Normal’

A week before the Federal Open Market Committee’s next rate-setting meeting, Federal Reserve Governor Lael Brainard described the persistent near-zero interest rate environment as a “new normal” in which policymakers would be more attentive to unexpected economic weakness by resisting rate hikes.

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Boston Fed: CRE Risks Complicate Fed’s Monetary Moves

The persistent and abnormally low interest rate environment has increased risks of a destabilizing shock in the commercial real estate sector -- complicating policymakers’ efforts to use low rates to achieve the Federal Reserve’s monetary policy goals, according to Federal Reserve Bank of Boston President Eric Rosengren.

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FOMC Minutes Show Divide on Rate Hike Timing

Fed officials were divided on the timing of an increase in the federal funds rate, according to minutes from the Federal Open Market Committee’s July 26-27 meeting. The committee noted “moderate” economic expansion and strong job gains in July, but based their decision to keep rates as is on the need to further monitor job reports and “global and financial ...

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FOMC: Economic Risks have Diminished

The Federal Open Market Committee (FOMC) once again decided to maintain the current target for the federal funds rate at 25-50 basis points in July. “Near term risks to the economic outlook have diminished,” said the FOMC in a post-meeting statement. This was likely a reference to both financial market uncertainty following Brexit and labor market uncertainty following an anemic ...

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FOMC Minutes: No Rate Hike amid Slow Job Growth

Fed officials expressed a degree of uncertainty regarding the slowdown in payroll employment gains in the minutes of their June 14 – 15 Federal Open Market Committee (FOMC) meeting. Participants observed that transitory factors may have understated payroll growth, however many thought the underlying pace of growth had slowed from previous months. Despite weaker labor market growth, participants noted that ...

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Yellen: Fed Still on ‘Gradual’ Rate Hike Path

Despite disappointing figures for first-quarter GDP growth and May job creation, Federal Reserve Chairman Janet Yellen said today that she believes the remainder of the year will see continued progress toward the Fed’s monetary policy goals and that “further gradual increases in the federal funds rate are likely to be appropriate.”

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FOMC Minutes: June Rate Hike Still on the Table

In the minutes of their April 26 – 27 Federal Open Market Committee (FOMC) meeting, Fed officials expressed that they may be ready to raise interest rates once again in June. “Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen, and inflation making progress toward ...

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