At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to maintain the target range for the federal funds rate at 2.0 to 2.25 percent. The committee’s statement was similar to that of September, once again noting “that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic ...

The Federal Open Market Committee (FOMC) determined that further gradual increases of the federal funds rate “would most likely be consistent with a sustained economic expansion, strong labor market conditions, and inflation near 2 percent over the medium term,” according to the minutes from the September 25-26 meeting. Officials agreed to remove the sentence in the postmeeting statement describing that ...

The U.S. economic outlook is “remarkably positive,” Federal Reserve Chairman Jerome Powell said at a business economics conference today.

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate to 2.0 to 2.25 percent. It was the third hike this year. The committee signaled one more increase this year as economic activity has been rising at a strong rate. Committee members expect “that further gradual increases in ...

Federal Reserve Chairman Jerome Powell issued a strong defense of the Federal Open Market Committee’s gradual path to normalizing interest rates today, emphasizing that this path addresses both the risk of acting too fast and choking off economic growth too soon and the risk of not tightening before inflation accelerates too quickly.

The Federal Open Market Committee judged that if the economy continues to perform in line with members’ outlook, “it would likely soon be appropriate to take another step in removing policy accommodation,” according to the minutes from the July 31-August 1 meeting. Committee members also noted that it would likely soon be appropriate to revise the characterization of the stance ...

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to maintain the target range for the federal funds rate at 1.75 to 2.0 percent. The committee’s statement was nearly identical to that of June, once again noting “that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of ...

The Federal Reserve today issued a report defending its long-standing practice of paying interest on banks’ excess reserves held at the Fed.

As deposit competition heats up, bankers may need to revisit assumptions and pricing models.

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 ...