Tag Archives: FOMC

FOMC Minutes: Labor Market Gains Slowed, But Still Improved from Earlier this Year

In the minutes of their October 27 – 28th Federal Open Market Committee (FOMC) meeting, Fed officials outlined their decision to hold off on raising the federal funds rate. Nearly all members agreed that even though job gains had slowed over the intermeeting period, indicators showed that underutilization of labor resources had diminished, and that economic activity would expand at ...

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Neel Kashkari to Lead Minneapolis Fed

The Federal Reserve Bank of Minneapolis announced that Neel Kashkari will be the Bank’s 13th President and CEO. Mr. Kashkari has spent time in both the public and private sector, most recently, as a managing director and executive office holder at PIMCO from 2009 to 2013. Prior to joining PIMCO, he served at the Treasury Department, beginning as a special ...

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Fed Holds Steady in October

The Federal Reserve Open Market Committee (FOMC) decided against raising the federal funds in October. In a statement released post-meeting, the Committee again stated that the U.S. economy was expanding at a “moderate pace,” but noted that the pace of job gains slowed and that net exports have been “soft.” Inflation also continued to run below long-run objectives – in ...

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FOMC Minutes: Inflation Still Below Target

In the minutes of their September 16th – 17th Federal Open Market Committee (FOMC) meeting, Fed officials outlined their decision to hold off on raising the federal funds rate, noting that although labor market conditions had improved considerably since the beginning of the year, headline inflation continued to run below target. Members agreed that labor markets had improved over the ...

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Yellen Still Expects Rate Hike This Year

Federal Reserve Chairman Janet Yellen said yesterday that she still expects economic conditions will warrant an interest rate hike “sometime later this year,” followed by a “a gradual pace” of increases.

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No September Rate Increase

The Federal Reserve Open Market Committee elected not to raise the federal funds rate in September. In a statement released post-meeting, the Fed once again stated that the U.S. economy showed signs of moderate expansion and labor market improvement. However inflation has continued to run below long-run objectives – in some part due to declines in energy prices and non-energy ...

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FOMC Minutes: Fed Approaching Conditions for Rate Hike

In the Minutes of their July 28 – 29 Federal Open Market Committee (FOMC) meeting, Fed officials outlined their decision to hold off on raising interest rates, noting that most members believed the conditions for policy firming were not yet met, but were “approaching that point.” In the July and previous meetings, FOMC members expressed a desire to see “some ...

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Fed: Labor Market is Improving

In their post-meeting statement, The Federal Reserve Open Market Committee (FOMC) noted that economic activity expanded moderately in recent months, citing moderate growth in household spending as well as improvement in the housing sector. The FOMC also cited continued improvement in the labor market, noting that “underutilization of labor resources has diminished since early this year.” In discussing the target ...

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