Tag Archives: FOMC

Yellen: Rate Hike Likely This Year, Despite Headwinds

“[I]f the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy,” Federal Reserve Chairman Janet Yellen said in a speech at the Providence Chamber of Commerce in Rhode Island.

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FOMC Minutes: June Rate Hike Not Likely

Many participants said that a June rate hike is unlikely, according to the minutes from the April 17-19 Federal Open Market Committee meeting. However, a few participants anticipated that conditions for beginning policy firming will have been met by June.

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Fed: Growth Slowed Due to ‘Transitory Factors’

The Federal Reserve Open Market Committee in its April 29 statement noted that economic growth slowed during the winter months, partly due to “transitory factors,” and that labor market conditions were largely unchanged since the last meeting.

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