Browsing: FOMC

Economy

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to hold the target range for the federal funds rate steady at 1.25 to 1.5 percent. The committee most recently raised rates by 25 basis points in their December 2017 meeting. The central bank has projected three hikes in 2018, and markets widely

Economy

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to hold the target range for the federal funds rate steady at 1.0 to 1.25 percent. The committee most recently raised rates by 25 basis points in their June meeting but signaled one more rate hike in 2017. This year’s final meeting is

Economy

The Federal Open Market Committee continued to suggest it will raise the target federal funds rate again this year, according to minutes from the FOMC’s September 19-20 meeting. During the meeting, committee members decided to hold rates at 1 to 1.25 percent. The Committee will meet later this month and again in December. There was

Economy

The Federal Open Market Committee said it will begin reducing the Fed’s balance sheet in October, according to a statement from the committee released yesterday. The balance sheet is swollen with $4.5 trillion in securities purchased as part of quantitative easing programs between 2008 and 2014. The committee also decided to hold rates at 1

Economy

The Federal Open Market Committee was divided over when it will next raise the target federal funds rate, which they decided to hold at 1 to 1.25 percent, according to minutes from the FOMC’s July 25-26 meeting. “Some” FOMC members expressed uncertainty about inflation, saying that the committee “could afford to be patient” in deciding

Economy

At its meeting that concluded yesterday, the Federal Open Market Committee said it plans to begin “relatively soon” to reduce the Fed’s balance sheet, which is swollen with $4.5 trillion in securities purchased as part of quantitative easing programs between 2008 and 2014. According to a statement from the FOMC released yesterday, the committee said

Economy

The Federal Open Market Committee indicated support for continued gradual rate increases in minutes from their June 13-14 meeting. The Committee voted to lift rates 25 basis points in June and signaled one more hike in 2017 in updated projections. The minutes reflected continued division on the timing of shrinking the Fed’s balance sheet, though

1 15 16 17 18 19 23