Tag Archives: FOMC

FOMC Holds Rates Steady, Sees Inflation Near Target

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to hold the target range for the federal funds rate steady at 1.5 to 1.75 percent. The committee most recently raised rates by 25 basis points in their March meeting. Fed officials are split between three or four hikes in 2018, and markets widely expect the next increase ...

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FOMC Minutes Suggest Confidence in Strengthening Economy and Inflation

The Federal Open Market Committee agreed that a strengthening economy supported “future gradual increases,” according to the minutes from the March 20-21 meeting. During the meeting, committee members decided to lift rates to 1.5 to 1.75 percent, after previously holding rates in January. They penciled in two more rate hikes in 2018 and three in 2019. The Committee will next ...

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FOMC Articulates Continued Rationale for Gradual Rate Rise Plan

The Federal Open Market Committee agreed that a strengthening economy supported “future gradual increases,” according to the minutes from the January 30-31 meeting. During the meeting, committee members decided to hold rates at 1.25 to 1.5 percent, after raising them in the December meeting. They penciled in three rate hikes in 2018 and two more in 2019. The Committee will ...

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Fed Holds Rates Steady

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to hold the target range for the federal funds rate steady at 1.25 to 1.5 percent. The committee most recently raised rates by 25 basis points in their December 2017 meeting. The central bank has projected three hikes in 2018, and markets widely expect the first increase to ...

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Fed Holds Rates Steady

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to hold the target range for the federal funds rate steady at 1.0 to 1.25 percent. The committee most recently raised rates by 25 basis points in their June meeting but signaled one more rate hike in 2017. This year’s final meeting is scheduled to occur in December. ...

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FOMC Minutes Signal December Rate Hike

The Federal Open Market Committee continued to suggest it will raise the target federal funds rate again this year, according to minutes from the FOMC’s September 19-20 meeting. During the meeting, committee members decided to hold rates at 1 to 1.25 percent. The Committee will meet later this month and again in December. There was some confusion regarding sluggish inflation ...

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Fed to Begin Reducing Balance Sheet in October

The Federal Open Market Committee said it will begin reducing the Fed’s balance sheet in October, according to a statement from the committee released yesterday. The balance sheet is swollen with $4.5 trillion in securities purchased as part of quantitative easing programs between 2008 and 2014. The committee also decided to hold rates at 1 to 1.25 percent, citing “realized ...

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