FED Raises rates by 0.25 basis points
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent…
Browsing: FOMC
FOMC raises rates by 25 basis points
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%.
Podcast: Why recession odds for 2023 are fifty-fifty
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.
Fed’s Bowman to keynote ABA Conference for Community Bankers
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.
FOMC’s Waller favors 25 basis point rate hike
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.
FOMC minutes: Members worried about market reaction to rate hike slowdown
At their December meeting, Federal Open Market Committee members agreed that further increases in the…
Fed raises rates by 50 basis points
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent…
Fed raises rates by 50 basis points
The Federal Open Market Committee today announced it would raise the target range for the federal funds rate by 50 basis points to 4.25% to 4.5%.
Powell signals Fed will slow pace of rate increases
In a speech today, Federal Reserve Chairman Jerome Powell said while inflation remains persistently high, the Federal Open Market Committee may slow the pace of increases in the federal funds rates starting as early as its December meeting.
Fed officials see inflation fight lasting through 2024
Two members of the Federal Open Market Committee said today that the committee is likely to raise the federal funds rate again in the future and perhaps maintain a restrictive policy stance into 2024.