The Federal Reserve Bank of Minneapolis announced that Neel Kashkari will be the Bank’s 13th President and CEO. Mr. Kashkari has spent time in both the public and private sector, most recently, as a managing director and executive office holder at PIMCO from 2009 to 2013. Prior to joining PIMCO, he served at the Treasury
The Federal Reserve Open Market Committee (FOMC) decided against raising the federal funds in October. In a statement released post-meeting, the Committee again stated that the U.S. economy was expanding at a “moderate pace,” but noted that the pace of job gains slowed and that net exports have been “soft.” Inflation also continued to run
In the minutes of their September 16th – 17th Federal Open Market Committee (FOMC) meeting, Fed officials outlined their decision to hold off on raising the federal funds rate, noting that although labor market conditions had improved considerably since the beginning of the year, headline inflation continued to run below target. Members agreed that labor
Market rates along the curve rarely move in a parallel fashion, and the change in the slope of the curve can be just as important as the actual change in rates.
Federal Reserve Chairman Janet Yellen said yesterday that she still expects economic conditions will warrant an interest rate hike “sometime later this year,” followed by a “a gradual pace” of increases.
The Federal Reserve Open Market Committee elected not to raise the federal funds rate in September. In a statement released post-meeting, the Fed once again stated that the U.S. economy showed signs of moderate expansion and labor market improvement. However inflation has continued to run below long-run objectives – in some part due to declines
Housing will continue improving through 2017 in a modestly rising rate environment, says Fannie Mae’s Douglas G. Duncan.
In the Minutes of their July 28 – 29 Federal Open Market Committee (FOMC) meeting, Fed officials outlined their decision to hold off on raising interest rates, noting that most members believed the conditions for policy firming were not yet met, but were “approaching that point.” In the July and previous meetings, FOMC members expressed
In their post-meeting statement, The Federal Reserve Open Market Committee (FOMC) noted that economic activity expanded moderately in recent months, citing moderate growth in household spending as well as improvement in the housing sector. The FOMC also cited continued improvement in the labor market, noting that “underutilization of labor resources has diminished since early this
Citing improved labor market conditions, growing consumer spending and reduced “drag” from government fiscal policies, Federal Reserve Chairman Janet Yellen said today that she expects it will be appropriate to begin the process of raising the federal funds rate “later this year.”