Tag Archive for ‘FOMC’

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 ›

Federal Open Market Committee April Meeting – Is the Future Receding?

The Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded its April meeting with a statement downgrading its assessment of the economic outlook but offered no indication of any change in policy with respect to the timing of the first increase in interest rates. The committee stuck to its language from the March statement, repeating that… Read More ›

Federal Open Market Committee March Minutes – Good Inflation, I Can’t Define It But I Know It When I See It

Minutes from the Federal Reserve’s monetary policy setting Federal Open Market Committee (FOMC) meeting March 17-18 reveal relatively little new information about the deliberations beyond what was available from the post-meeting statement and press conference (March Meeting). Economic growth appears to have moderated somewhat in the first quarter, the labor market has improved markedly but indicators of underutilization remain, and… Read More ›

Federal Open Market Committee March Meeting – Where Has All The Mystery Gone?

Federal Reserve Chairwoman Janet Yellen’s main point at the press conference following the conclusion of the March 17-18 Federal Open Market Committee (FOMC) meeting was that the Fed was prepared to be “less patient, but not impatient” with regard to the timing of the first hike in interest rates, presumably to rattle the cage of the June meeting consensus that… Read More ›

Federal Open Market Committee – Leaning Toward Later Liftoff

Minutes from the Federal Reserve’s monetary policy setting Federal Open Market Committee (FOMC) meeting January 27-28 reveal an as yet unsettled discussion regarding the timing of the first increase in the federal funds rate, but the weight of the conflicting views appears to be shifting toward a liftoff later than the current expectation of mid-2015. Declining energy prices were viewed… Read More ›

Federal Open Market Committee – Pivot to Inflation, Manage Expectations

No major surprises were revealed in the standard summary statement released following the Federal Reserve’s monetary policy setting Federal Open Market Committee (FOMC) meeting January 27-28. With economic output expanding, strong job growth and a declining unemployment rate the committee has shifted its focus to below target (2 percent) inflation as the primary threat to the continuing economic recovery. The… Read More ›

Federal Open Market Committee, December Meeting – Crude Oil, the Dollar and Abroad

Minutes from the Federal Reserve’s monetary policy setting Federal Open Market Committee (FOMC) meeting, held December 16-17, indicate the committee is confident the economic recovery will continue with accelerating growth in output, sustained improvement in job gains and a declining unemployment rate. Lower gas prices as well as improvements in household balance sheets are supporting greater consumer spending. Low interest… Read More ›

Federal Open Market Committee – Patience and Inflation

The Federal Reserve’s monetary policy setting Federal Open Market Committee (FOMC) concluded its December meeting releasing a standard summary statement and Chairwoman Janet Yellen presided over a post-meeting press conference. With the asset purchase program a thing of the past as of October the all-consuming question among Fed watchers now is when to expect “liftoff”, the first increase in the… Read More ›

FOMC Minutes – A “Considerable Time”

The Federal Reserve released the minutes from the Federal Open Market Committee (FOMC) meeting held in October, providing a more in-depth view of their deliberations than can be gleaned from the post-meeting statement. The minutes make clear the widespread agreement among participants that the asset purchase program had achieved its stated goal of substantial improvement in the outlook for the… Read More ›