Tag Archive for ‘Federal Reserve’

Federal Open Market Committee September Meeting – Feels Like December

The Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded its September meeting announcing no increase in the federal funds rate. Global economic and financial uncertainty was the reason to wait. Federal Reserve Chair Janet Yellen explained the decision in her post-meeting press conference. The domestic economic recovery is shaping up nicely. Economic and payroll employment… Read More ›

Federal Open Market Committee July Meeting – Are We There Yet?

The minutes from the July meeting of the Federal Reserve’s monetary policy setting arm, the Federal Open Market Committee (FOMC), provide some detail on the most recent round of deliberations addressing the question: Is the economic recovery strong enough to begin the process of monetary policy normalization? The committee members were in agreement that much progress has been made over… Read More ›

Slow Rise in Consumer Prices in July

The Bureau of Labor Statistics (BLS) reported consumer prices increased in July. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.6%, slower than 3.9% in June. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 1.6% in July. Energy prices were stabilized and rose at a… Read More ›

Consumer Credit Grows in Q2 2015

The Federal Reserve Board recently reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 7.0%, $234.5 billion, in the second quarter of 2015, 1.4 percentage points faster than the 5.6% rate of growth recorded in the first quarter of 2015. Consumer credit outstanding now totals $3.422 trillion. The increase in total consumer credit outstanding partly reflected an expansion… Read More ›

Lending Standards Tighten on Land Development and Construction Lending

Credit standards on applications for land development and construction loans or credit lines tightened on net, albeit slightly, over the second quarter of 2015. According to the most recent iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey, a net share of 1.4% of senior bank respondents reported that lending standards at their respective bank tightened over the… Read More ›

Federal Open Market Committee July Meeting – Afternoon Tea

At 2:00 pm today the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded its July meeting and released the standard post-meeting statement. Let the reading of the tea leaves begin. Analysts’ expectations for the meeting were for no major changes and the FOMC delivered: marginal changes in the assessment of economic conditions (more later), no… Read More ›

Consumer Prices Increased Broadly in June

The Bureau of Labor Statistics (BLS) reported consumer prices increased broadly in June. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 3.9%, slower than 5.5% in May. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.2% in June. Large swings in energy prices account for… Read More ›

Consumer Credit Growth Slows

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 5.7%, $193.0 billion, in May 2015, slower than the 7.6% rate of growth recorded in April 2015. Consumer credit outstanding now totals $3.401 trillion. The expansion of total consumer credit outstanding partly reflected an increase in the outstanding amount of non-revolving consumer credit. Non-revolving… Read More ›

Federal Open Market Committee June Meeting – A September to Remember

The minutes from the meetings of the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), are regularly released three weeks after the meeting and provide a more detailed view of the deliberations than the statement released at the conclusion of the meeting. The most valuable insight from the minutes of the June meeting is that all… Read More ›

Federal Open Market Committee June Meeting – Connect the Dots

The Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded its June meeting and confirmed the generally held expectation of no increase in the federal funds rate at this meeting. While the June meeting was widely regarded as the likely timing of “lift-off” late last year and early this year, the consensus had shifted to later… Read More ›