Tag Archive for ‘monetary policy’

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 ›

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 ›

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 ›

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 ›