FED Raises rates by 0.25 basis points
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent…
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent…
Nearly every member of the Federal Open Market Committee agreed to raise the federal funds rate by 25 basis points at the committee’s most recent meeting at the end of January, according to FOMC minutes released this week.
Federal Reserve Chairman Jerome Powell this week reiterated his belief that further increases in the federal funds rate will be necessary to bring inflation down to the agency’s 2% target.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent…
The Federal Open Market Committee this week announced it would raise the target range for the federal funds rate by 25 basis points to 4.5% to 4.75%.
As the Federal Reserve continues its efforts to drive inflation lower this year and next, the ABA Economic Advisory Committee expects stalling economic growth in 2023, followed by a modest recovery in 2024.
Federal Reserve Governor Michelle Bowman, who holds the designated community bank seat on the board of governors, will speak during ABA’s Conference for Community Bankers, taking place Feb. 12-14 in Orlando.
Federal Reserve Governor Christopher Waller said this week he favors raising the federal funds rate by 25 basis points at the next Federal Open Market Committee meeting at the end of January.
At their December meeting, Federal Open Market Committee members agreed that further increases in the…
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent…