Tag Archive for ‘FOMC’

Federal Reserve: Patience Continues

At the conclusion of its May meeting, the Federal Reserve held the key, short-term federal funds rate steady, with a top rate of 2.5%. The decision was unanimous and widely expected, with members of the Federal Open Market Committee agreeing that while economic growth conditions remain “solid,” inflation pressures remain anchored. In fact, the Fed’s preferred inflation gauge, the core… Read More ›

Fed Pursues Patience

As expected, the Federal Reserve’s monetary policy body, the Federal Open Market Committee, unanimously agreed to hold steady the federal funds top rate at 2.5%. The Fed’s January statement was consistent with recent policymakers’ comments suggesting a more flexible stance toward monetary policy at the end of last year and the start of 2019. In particular, the statement indicated that… Read More ›

Fed Raises Key Rate, Balance Sheet Normalization to Accelerate in January

In its statement following its December 12-13, 2017 meeting, the Federal Open Markets Committee (FOMC) decided to raise the target range for the federal funds rate to a range of 1.25 to 1.5 percent, a decision that was widely expected. Despite the increase, the FOMC believes that the “stance of monetary policy remains accommodative”. As illustrated by the Federal Reserve… Read More ›

May Meeting of the Federal Open Market Committee – From Idea to Proposal

Beyond confirming that if economic activity continues to unfold as expected another increase in the federal funds rate would be appropriate soon (June), the minutes from the May meeting of the Federal Open Market Committee (FOMC) added relatively little to the picture of the path of monetary policy that was laid out in the post-meeting statement and previous policy discussions…. Read More ›

May Meeting of the Federal Open Market Committee – Accentuate the Positive

Economic activity sputtered in the first quarter, job growth stumbled in March, and inflation turned negative at both the headline and core (excluding food and energy) levels. Policymakers on the Federal Open Market Committee (FOMC) “decided to maintain the target range for the federal funds rate at 3/4 to 1 percent” and pronounced “Near-term risks to the economic outlook appear… Read More ›

March Meeting of the Federal Open Market Committee – A Closer Look

The minutes from meetings of the Federal Reserve’s monetary policy setting body, the Federal Open Market Committee (FOMC), traditionally released three weeks after the meeting, provide a closer look at the deliberations, than the brief statement released immediately following the meetings. The minutes from the March meeting provide deeper insights in two particular areas: the path of the federal funds… Read More ›

Minutes From the FOMC January/February Meeting – We’ll Let You Know

The minutes from the Federal Open Market Committee (FOMC) meetings, released three weeks after the meeting as standard practice, offer a glimpse behind the curtain, providing details of the deliberations, areas of agreement as well as ongoing debate, and specific articulations of viewpoints from unnamed meeting participants, going beyond the statement released immediately following the meeting. Minutes from the January… Read More ›