Tag Archives: FOMC

Yellen to Congress: Economic Growth to Continue

Economic growth in the U.S. is picking up pace in the final months of 2016 and will continue growing “over the next couple of years,” Federal Reserve Chairman Janet Yellen told the Joint Economic Committee of Congress today. Yellen emphasized steady unemployment rates and “above-trend job growth” as reasons to expect continued “moderate” economic expansion, an acceleration from the “modest” ...

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Fed Holds Steady in November

The Federal Open Market Committee (FOMC) once again maintained the current target for the federal funds rate at 25-50 basis points in November. “The Committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives,” said ...

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FOMC Minutes: Hike May be Appropriate ‘Relatively Soon’

Fed officials were divided during the September 20-21 Federal Open Market Committee (FOMC) meeting as to whether a rate hike was warranted, according to the minutes of the meeting released today. The minutes noted that “a reasonable argument could be made either for an increase at this meeting or waiting for some additional information on the labor market and inflation,” ...

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No Fed Hike in September

The Federal Open Market Committee (FOMC) maintained the current target for the federal funds rate at 25-50 basis points in September.

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Fed’s Brainard: Near-Zero Rates Are ‘New Normal’

A week before the Federal Open Market Committee’s next rate-setting meeting, Federal Reserve Governor Lael Brainard described the persistent near-zero interest rate environment as a “new normal” in which policymakers would be more attentive to unexpected economic weakness by resisting rate hikes.

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Boston Fed: CRE Risks Complicate Fed’s Monetary Moves

The persistent and abnormally low interest rate environment has increased risks of a destabilizing shock in the commercial real estate sector -- complicating policymakers’ efforts to use low rates to achieve the Federal Reserve’s monetary policy goals, according to Federal Reserve Bank of Boston President Eric Rosengren.

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FOMC Minutes Show Divide on Rate Hike Timing

Fed officials were divided on the timing of an increase in the federal funds rate, according to minutes from the Federal Open Market Committee’s July 26-27 meeting. The committee noted “moderate” economic expansion and strong job gains in July, but based their decision to keep rates as is on the need to further monitor job reports and “global and financial ...

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FOMC: Economic Risks have Diminished

The Federal Open Market Committee (FOMC) once again decided to maintain the current target for the federal funds rate at 25-50 basis points in July. “Near term risks to the economic outlook have diminished,” said the FOMC in a post-meeting statement. This was likely a reference to both financial market uncertainty following Brexit and labor market uncertainty following an anemic ...

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