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…
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…
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%.
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.
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.