Items Tagged with 'FOMC'


Time to say goodbye to the Federal Funds rate?

Fed minutes hint at the possibility
The minutes from the recent meeting of the Federal Open Market Committee reinforce the possibility of a rate hike in December. The minutes also show talk of a different kind of change that could be on the way. FOMC members actually talked about the possibility of doing away with the federal-funds rate. Here’s what they suggest could replace it.
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Chance of a Fed rate hike in December? 100%

Bloomberg forecast based on futures trading
With less than a month left before the final Federal Reserve meeting of the year, Bloomberg rates the chances of a Fed interest rate hike at 100%, according to calculations based on futures. Will the Fed finally decide to raise rates again for the first time since last December?
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Fannie Mae: New jobs report basically guarantees December rate hike

"We believe that today's firm jobs report seals the deal"
Earlier this week, the Federal Open Market Committee announced that it plans to leave the federal funds rate unchanged, but the way the FOMC framed the announcement led many to believe that a rake hike is coming in December. And Friday's jobs report did not contain any significant information that would warrant further delaying a rate hike - in fact, it all but guaranteed a December rate hike, according to Fannie Mae's chief economist.
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October jobs report falls slightly below expectations

September revised higher
One of the last jobs reports for 2016, and the last one before the election, showed that total nonfarm payroll employment grew by 161,000 in October. While this increase is slightly below expectations, large upward revisions to prior months more than made up for it.
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FOMC: Interest rates could stay low for a while

No rate hike for November
The Federal Open Market Committee announced it will not be raising rates. While that long-awaited rate hike looks more probably in December, the Fed indicated that it will be a small increase. In fact, rates could remain historically low for some time.
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Freddie Mac: 30-year FRM hits 10-week low

Investors moved to safer grounds after FOMC pushed off rate hike
Mortgage rates dropped this week after the Federal Open Market Committee declined to raise rates in September. In fact, the 30-year fixed-rate mortgage hit a 10-week low. Freddie Mac’s chief economist explains why.
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