Browsing: FOMC

Economy

The Federal Open Market Committee (FOMC) signaled that an interest rate increase is likely at next month’s meeting, but that the timing of increases over the next year is more uncertain. “Almost all participants expressed the view that another increase in the target range for the federal funds rate was likely to be warranted fairly

Economy

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

Economy

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

Economy

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

Economy

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.

Economy

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

Economy

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

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