FOMC Projects ‘Substantial’ GDP Growth This Year
Real gross domestic product growth is projected to be substantial this year and the unemployment rate is expected to decline markedly, according to members of the Federal Open Market Committee.
Browsing: FOMC
Fed Maintains Interest Rates Near Zero
The Federal Reserve will continue to keep its target range for the federal funds rate at zero to 0.25% as the COVID-19 pandemic continues, causing “tremendous human and economic hardship across the United States and around the world,” the Federal Open Market Committee said today.
FOMC: Economy Depends on Course of Virus, Vaccinations
The path of the U.S. economy will continue to depend on the course of the coronavirus and progress in vaccination, according to members of the Federal Open Market Committee.
Fed Maintains Interest Rates Near Zero as Recovery Weakens
As expected, the Federal Reserve will continue to keep its target range for the federal funds rate at zero to 0.25% to support the U.S. economy during this “challenging time,” the Federal Open Market Committee said today.
FOMC: Pandemic Continues to Pose ‘Considerable Risk’ to Economic Outlook
The coronavirus pandemic continues to cause economic hardship across the country and poses considerable risk to the economic outlook over the medium term, according to members of the Federal Reserve’s Federal Open Market Committee.
Fed Maintains Rates as Pandemic-Related Economic Hardship Continues
The Federal Reserve will continue keep its target range for the federal funds rate at zero to 0.25% as the economy remains well below levels of output seen at the start of the year, even as economic recovery continues, the Federal Open Market Committee said today.
Fed Maintains Rates as Economic Hardship Continues
The Federal Reserve will keep its target range for the federal funds rate at 0 to 0.25% as the economy remains well below levels of output seen at the start of the year, even as economic recovery continues, the Federal Open Market Committee said today.
FOMC: Banks Could Face Increased Stress From Loan Defaults if Economic Recovery Stalls
Small and medium-sized banks could face stress from defaults on loans to small business and commercial real estate if consumers continue to avoid traveling and shopping, the Federal Open Market Committee said today.
Fed Aims for Inflation ‘Moderately Above 2%’
As the coronavirus pandemic continues to cause tremendous human and economic hardship across the country the Federal Reserve will aim to achieve inflation “moderately above 2% for some time” the Federal Open Market Committee said today.
Fed Updates Monetary Policy in Response to Low Inflation, Employment Trends
The Federal Open Market Committee today revised its monetary policy statement and long-run goals to reflect the challenges of operating in a persistent low-rate, low-inflation environment.