Browsing: FOMC

Economy Report: FOMC sees progress in inflation fight

At 5.25% to 5.5%, the target range for the federal funds rate has likely reached its peak in a cycle of policy tightening that began in early 2022, the Federal Reserve said in the first of its biannual reports to Congress on monetary policy.

Economy FOMC minutes: Members remain cautious about lowering rates

During their most recent meeting in January, most members of the Federal Open Market Committee remained concerned about easing monetary policy too quickly, saying they needed more data to feel confident that inflation was moving sustainably toward the Federal Reserve 2% target, according to minutes from the meeting.

Economy FOMC leaves rates unchanged

The Federal Open Market Committee announced that it would once again leave the federal funds rate unchanged at 5.25%-5.5%.

Economy FOMC minutes signal rates may have peaked  

Federal Open Market Committee members were unanimous in their decision to hold interest rates steady at 5.25 to 5.5% at the December 12-13 meeting, and that doing so would promote further progress toward the committee’s 2% inflation target, according to minutes from the meeting.

Economy Fed’s Waller, Bowman uncertain about further rate hikes

In separate speeches, Federal Reserve Governors Christopher Waller and Michelle Bowman gave differing answers to the question of whether the Fed would need to continue raising the federal funds rate to tame inflation, although both cautioned there remains much uncertainty in the economic outlook.

Economy FOMC minutes show members uncertain about where inflation is heading

Federal Open Market Committee members unanimously agreed to leave the target range for federal funds rate at 5.25% to 5.5% during their Oct. 31-Nov. 1 meeting, but they also said they needed to see more data before they felt confident that inflation was returning to the Federal Reserve’s 2% goal, according to minutes from the meeting.

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