ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Economy

FOMC Minutes: Economic Activity Expanding Moderately

April 6, 2016
Reading Time: 1 min read

In the minutes of their March 15 – 16 Federal Open Market Committee (FOMC) meeting, Fed officials showed some concern regarding soft business investment and net exports, but noted that data on economic activity and labor market conditions was “broadly consistent with their earlier expectations.”

Meeting participants were “encouraged” by the growth of consumer spending over the previous quarters, and expect consumer spending to rise moderately due to employment and income gains. Many, however, noted that this strength in household spending would be partially offset by weakness in net exports due to sluggish foreign growth and dollar appreciation.

Participants noted that the labor market had strengthened further during the intermeeting period, and that households’ perceptions of job availability and firms’ assessments of the difficulty of filling jobs had returned to pre-recession levels.

Opinions were mixed on the recent increase in inflation, with some seeing the increase as consistent with a firming trend, while others believed that it was unlikely to be sustained, as it reflected an increase in the prices of volatile goods.

Against this backdrop, all but one member voted to maintain accommodative policy at this meeting. Kansas City Federal Reserve President Esther George voted against this action, believing that a 25 basis point increase was warranted.

Read the FOMC minutes.

ADVERTISEMENT
Tags: FOMC
ShareTweetPin

Related Posts

FinCEN, IRS-CI launch series to help banks combat fentanyl trafficking

FinCEN extends compliance dates for fentanyl orders

Compliance and Risk
July 9, 2025

FinCEN has extended by more than a month the effective dates for orders involving three Mexico-based financial institutions with alleged ties to fentanyl trafficking, according to an agency statement.

FDIC issues final special assessment to recover Deposit Insurance Fund losses

FDIC board to consider proposals on CRA, bank branches

Newsbytes
July 9, 2025

The FDIC board will hold an open meeting next week to consider several agenda items, including proposals on regulatory thresholds, the Community Reinvestment Act and bank branches.

FOMC minutes: Persistent inflation clouds path forward

FOMC minutes show divergence in opinion on tariff effects

Economy
July 9, 2025

Federal Open Market Committee members remain somewhat split on the long-term effects of the Trump administration’s tariff policy on inflation, according to the minutes.

FHFA nominee: Fannie Mae, Freddie Mac conservatorships should not be ‘indefinite’

Fannie, Freddie to expand credit scoring options for mortgages

Mortgage
July 9, 2025

Fannie Mae and Freddie Mac will allow lenders the option to use VantageScore 4.0 while still allowing use of FICO to assess the creditworthiness of mortgages, FHFA Director Bill Pulte announced on a post on X.

Consumer credit increased in March

Consumer credit increased 1.2% in May

Economy
July 8, 2025

Consumer credit increased at a seasonally adjusted annual rate of 1.2% in May, the Federal Reserve reported.

Justice Department warns of scammers exploiting Texas floods

Justice Department warns of scammers exploiting Texas floods

Compliance and Risk
July 8, 2025

The U.S. Attorney’s Office for the Western District of Texas “is on alert” for fraudsters seeking to exploit individuals and businesses following the recent deadly floods in Texas, according to the U.S. Department of Justice.

NEWSBYTES

FinCEN extends compliance dates for fentanyl orders

July 9, 2025

FDIC board to consider proposals on CRA, bank branches

July 9, 2025

FOMC minutes show divergence in opinion on tariff effects

July 9, 2025

SPONSORED CONTENT

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

July 1, 2025
AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025

PODCASTS

Podcast: Inside ABA’s new Treasury Check Verification System API

June 25, 2025

Podcast: Staying close to clients amid tariff-driven volatility

June 18, 2025

Podcast: Old National’s Jim Ryan on the things that really matter

June 12, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.