Items Tagged with 'Federal Open Market Committee'

ARTICLES

  • Fed raises rates for second time in 2018

    Here’s what committee projects for remainder of year
    The Federal Reserve voted to raise interest rates for the second time in 2018. The FOMC also released its dot-plot chart, showing a glimpse at how many more rate hikes could be expected for the rest of the year and beyond.
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  • FOMC keeps rate hike off the table at May meeting

    Says federal funds rate to remain low “for some time”
    The Federal Reserve announced that while economic activity has continued to strengthen along with the labor market, it will not raise rates following its May meeting. The market was not surprised by today’s decision and only predicted a 6% chance of a rate hike in May. Next month, however, could be a different story.
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  • Federal Reserve raises interest rates for first time in 2018

    Indicates two more rate hikes coming this year
    As expected, the Federal Reserve announced Wednesday that it is increasing the federal funds rate for the first time in 2018. Earlier this year, observers placed the likelihood of the Fed increasing rates by 25 basis points at the end of its March meeting at more than 75%. And Wednesday, that’s just what the Fed did.
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  • FOMC minutes reveal Fed’s positive economic outlook

    Increasingly optimistic about achieving inflation target
    The Federal Open Markets Committee released its minutes Wednesday from its January meeting, showing members of the Federal Reserve are becoming increasingly more confident in their economic outlook. The minutes also revealed the Fed became more optimistic about hitting its inflation target.
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  • Expect first Federal interest rate rise to come in March

    Market places 77% chance of 25 basis point hike
    Wednesday afternoon, the Federal Reserve announced its decision not to raise the federal funds rate in January. After the Fed Funds futures pushed up their probability estimate for raising the federal funds rate in March, the market is now placing a 77% chance of a 25 basis point hike.
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  • Tax reform could cause Fed to speed up rate hikes

    Fed minutes show most on board with raising federal funds rate
    Minutes released Wednesday by the Federal Reserve showed that the Federal Open Markets Committee could move at a quicker pace due to tax reform. While the Fed forecasts a median growth of 2.5% in 2018, the minutes showed most members will raise their expectations due to tax reform.
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  • Fed raises rates with expectation economy will improve next year

    Target federal funds rate increased to 1.25% to 1.5%
    To the shock of no one, the Federal Reserve announced its final rate hike of 2017 at the end of its December Federal Open Markets Committee meeting. In the Committee's statements about its general economic outlook, it implied that more rate hikes will follow in 2018 and beyond.
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  • Fed interest rate hike this week inevitable

    Top media outlets predict 25 basis point increase
    No one is predicting the Federal Reserve won’t raise interest rates in its Federal Open Markets Committee meeting later this week. Top media outlets are all forecasting a 25 basis point increase, saying the futures markets is giving the move 90% odds.
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  • New York Fed President William Dudley to retire next year

    Marks another leadership shuffle
    There's another leadership change coming to the Federal Reserve System. Federal Reserve Bank of New York President and CEO William Dudley announced Monday that he intends to retire in mid-2018, confirming industry rumors. Dudley becomes the latest Fed official to leave, whether by their own choice or not.
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  • Federal Reserve appoints new secretary of FOMC

    Set to take over November 26
    As the Federal Open Market Committee’s current secretary looks to retire, the Federal Reserve Board announced his replacement, who will begin his new duties at the end of this month. The new secretary has been working in various positions with the board since 1989.
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