Tag Archives: FOMC

FOMC Minutes Signal Continued Gradual Rate Increases

The Federal Open Market Committee judged that with the economy already very strong and inflation expected to run at 2 percent over the medium term, “it would likely be appropriate to continue gradually raising the target range for the federal funds rate to a setting that was at or somewhat above their estimates of its longer-run level by 2019 or ...

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FOMC Raises Rates and Signals Two More 2018 Hikes

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate to 1.75 to 2.0 percent. It was the second hike this year. The committee signaled two more increases this year as inflation rises and the unemployment rate drifts lower. Committee members expect “that further gradual increases in the ...

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FOMC Minutes Signal June Rate Hike

The Federal Open Market Committee agreed that if the economy performs as expected “it would likely soon be appropriate for the committee to take another step” in raising rates, according to the minutes from the May 1-2 meeting. During the meeting, committee members decided to hold rates between 1.5 to 1.75 percent. The Committee will next meet June 12-13. Committee ...

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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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