Tag Archive for ‘monetary policy’

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 ›

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 ›

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 ›