Tag Archives: FOMC

FOMC Minutes: Shrinking of Balance Sheet Could Begin this Year

Fed officials expressed that they anticipate the reduction of the $4.5 trillion portfolio to begin later this year as interest rates continue to increase, according to the minutes of the meeting released today. “Most participants anticipated that gradual increases in the federal-funds rate would continue and judged that a change in the (Fed’s) reinvestment policy would likely be appropriate later ...

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Boston Fed Chief Calls for Four Rate Hikes in 2017

The Federal Open Market Committee should raise interest rates at every other meeting by default in 2017 unless economic data come in that are inconsistent with forecasts, Federal Reserve Bank of Boston President and CEO Eric Rosengren said today.

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Fed Raises Rates for First Time in 2017

The Federal Reserve Open Market Committee (FOMC) voted to raise the target range for the federal funds rate by 25 basis points to 0.75 to 1 percent. The vote was near unanimous, with Minneapolis Fed President Neel Kashkari casting the only dissenting vote, wanting to hold rates steady. The projected policy path for the federal funds rate was in line ...

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FOMC Minutes: Hike May be Appropriate ‘Fairly Soon’

Fed officials expressed that they could raise interest rates “fairly soon” as an improving economy and the possibility of faster than anticipated inflation could put the economy at risk of overheating, according to the minutes of the meeting released today. “Many participants expressed the view that it might be appropriate to raise the federal funds rate again fairly soon if ...

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Fed Holds Rates Steady

The Federal Open Market Committee (FOMC) unanimously voted to hold the current target for the federal funds rate at 50-75 basis points in February. “In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent. The stance of monetary policy remains accommodative, ...

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Fed Raises Rates for First Time in 2016

The Federal Reserve Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate by 25 basis points to 0.50 to 0.75 percent. Today’s widely expected move marked the first change in the federal funds rate since it was increased by a quarter percentage point in December 2015. The projected policy path for the federal ...

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