Browsing: FOMC

Economy

In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response, the Federal Reserve this morning unveiled several new facilities to support the flow of up to $300 billion in financing to households and businesses and committed to quantitative easing “in amounts needed” to support market functioning.

Newsbytes

Acknowledging the “evolving risks” that the coronavirus outbreak poses to the U.S. economy, the Federal Open Market Committee unanimously voted to cut the target range for the federal funds rate by 50 basis points to a range of 1% to 1.25%.

Economy

As expected by economists, the Federal Open Market Committee today voted unanimously to hold the target range for the federal funds rate steady at 1.5% to 1.75%.

Economy

The U.S. economy is well-positioned at the start of 2020, with unemployment at a 50-year low, “solid” GDP growth and wages rising in line with productivity growth, Federal Reserve Vice Chairman Richard Clarida said today in New York.

1 2 3 12