Tag Archives: FOMC

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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Yellen Expects First Rate Hike by Year’s End

Citing improved labor market conditions, growing consumer spending and reduced “drag” from government fiscal policies, Federal Reserve Chairman Janet Yellen said today that she expects it will be appropriate to begin the process of raising the federal funds rate “later this year.”

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Fed Holds Steady

Though the Committee noted that economic activity has expanded moderately after the first quarter, the Federal Reserve Open Market Committee in its June meeting reaffirmed its view that the current 0% to 0.25% target range for the federal funds rate remains appropriate.

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Bank Economists See Rebound from First-Quarter ‘Shock’

The U.S. economy will bounce back from a lackluster start to the year, with growth in the second half of 2015 forecasted to reach 2.8, the ABA Economic Advisory Committee said today. “This has been a wild period for the economy,” said EAC Chairman Ethan Harris, co-head of global economics research at Bank of America Merrill Lynch, referring to the seasonal “shock” of bad weather in addition to sharp drops in oil prices and the West Coast port strike.

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