Tag Archive for ‘FOMC’

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 ›

Federal Open Market Committee December Meeting – Gradual Adjustments In The Stance of Monetary Policy

Just as few were surprised when the Federal Reserve announced the first increase in the target range for the federal funds rate in the statement following the December meeting, there were few surprises in the more detailed minutes of the meeting, released three weeks later. The minutes reiterated the basic themes that have guided deliberations in recent months: accumulated improvements… Read More ›

Federal Open Market Committee December Meeting – We Have Liftoff!

But, as we’ve been told repeatedly, the path of subsequent increases is more important, is expected to be gradual, and will be dependent on the progress of economic conditions, namely, continuing strength in output growth, improvements in the labor market and progress toward 2 percent inflation. The statement and press conference following the Federal Reserve’s monetary policy setting committee, the… Read More ›

Inside the Federal Open Market Committee October Meeting – Close to the Edge, Close to the Vest

The minutes from the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), October meeting reveal both confidence and caution on the part of policy makers. Meeting participants expressed a range of views regarding confidence in the accumulated progress in economic activity, labor market improvements, and the transitory nature of downward pressure on inflation from declining energy… Read More ›

Consumer Confidence in October – More Consumers Planned to Buy a Home in the Near Future

The Conference Board recently released the Consumer Confidence Index and its two subcomponents, the Present Situation Index and the Expectations Index, for October. The Consumer Confidence Index dropped to a level of 97.6 in October following the September’s optimistic assessment of 102.6. The present situation index declined to 112.1 from 120.3 in September, and the expectations index also decreased from… Read More ›

Federal Open Market Committee October Meeting – Any Meeting Now

The statement following the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), October meeting surprised few by not announcing an interest rate increase. Few analysts expected a move at this meeting. However, a significant development came in the form of the language referring to the timing of the first rate increase. “In determining how long to… Read More ›

Federal Open Market Committee September Meeting – October Surprise

The minutes from the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), September meeting provide a more detailed view of the committee’s concerns and deliberations regarding global economic and financial developments, and the decision to wait before beginning the process of raising interest rates. Concerns focused on the impact that a global economic slowdown, notably China,… Read More ›

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 ›

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 ›