Tag Archive for ‘FOMC’

First Look at the Federal Open Market Committee July Meeting – See You in September

The statement released following the July meeting of the Federal Open Market Committee (FOMC) sends a strong signal that the June jitters that upended the April willingness have passed; a September federal funds rate increase is back on the table. In the statement, the committee upgraded their assessment of the economy since June. Economic activity was upgraded to “expanding at… Read More ›

First Look at the Federal Open Market Committee June Meeting – Loud and Clear II: About Face

While the minutes from the April meeting of the Federal Open Market Committee (FOMC) indicated that most participants favored an increase in the target range for the federal funds rate in June, “under the right conditions,” conditions had other plans (April). And the committee voted unanimously to keep the target range unchanged at the current 0.25%-0.50%. The statement released following… Read More ›

The Employment Situation in May – All Systems: NO

April was a bad month, May is a shocker, and June is a non-starter. The Bureau of Labor Statistics (BLS) reported payroll employment growth stalled in May, expanding by only 38 thousand. The gains in May were expected to be depressed because of roughly 40 thousand Verizon workers on strike, but even taking that into account May’s gains were well… Read More ›

Minutes from the Federal Open Market Committee April Meeting – Loud and Clear(?)

“Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen, and inflation making progress toward the Committee’s 2 percent objective, then it likely would be appropriate for the Committee to increase the target range for the federal funds rate in June.” Interpreting the statement released at… Read More ›

Federal Open Market Committee April Meeting – Language Please

To no one’s surprise the FOMC left the federal funds rate unchanged; the language used to communicate the (non-)action hedged. The Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded the April meeting and released the statement announcing no change in the federal funds rate, maintaining the current 0.25% to 0.50% target range. The statement went… Read More ›

Federal Open Market Committee March Meeting – Expect an April Freeze

The minutes from the March meeting of the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), provide details of the deliberations regarding assessments of the current state of the economy and the anticipated pace of future increases to the target range for federal funds rate. April is off the table, the funds rate will be frozen… Read More ›

Federal Open Market Committee March Meeting – Fed Funds Target Unchanged

The Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded the March meeting and in her post-meeting press conference Chair Janet Yellen announced no change in the target range for the federal funds rate. A second increase in March, following the initial increase in December, was widely expected by analysts after the December meeting, but expectations… Read More ›

Federal Open Market Committee January Meeting – Who To Believe?

The minutes from the January meeting of the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), a more detailed account than the statement released immediately following the meeting, and traditionally released three weeks after the meeting, indicate an increase in the uncertainty surrounding current economic conditions and their implications for economic growth, labor market improvements and… Read More ›

Federal Open Market Committee January Meeting – No Change

The Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded its January meeting and released the standard post-meeting statement announcing the widely expected result of no change in the target for the benchmark short-term interest federal funds rate leaving it at 25-50 basis points. The committee recognized continuing progress in the labor market despite slower economic… Read More ›