Browsing: FOMC

Economy

Progress on vaccinations has continued to strengthen indicators of economic activity and employment, the Federal Open Market Committee said today, adding that while the sectors most adversely affected by the pandemic have shown improvement, they have not fully recovered.

Economy

The economic projections coming out of the Federal Open Market Committee’s April meeting were slightly stronger than the group’s March forecast. In minutes from the committee’s April 27-28 meeting, members said that real GDP growth was projected to post a “substantial increase” this year, along with a “rapid decline” in the unemployment rate.

Economy

Headline inflation measures could move above the Federal Reserve’s 2% long-run target in the coming months, due in part to supply-chain bottlenecks that have emerged with the economic rebound and forced prices to increase, Fed Governor Michelle Bowman said today.

Economy

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.

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