Tag: Federal Open Market Committee (FOMC)

• Wednesday, September 26th 2018 - 21:13 UTC

  Fed raises interest rate and announces a third increase this year

  

  The United States Federal Reserve announced on Wednesday, after a two-day policy meeting, that it would raise interest rates for the third time this year. The decision, which had been widely expected, raised the federal funds rate by 25 basis points, to a range of 2% to 2.25%.

• Wednesday, May 2nd 2018 - 20:45 UTC

  Fed leaves rates unchanged, confirms inflation near 2% target; hike expected at June meeting

  

  The Federal Reserve on Wednesday left its benchmark interest rate unchanged, confirmed that inflation is near its 2% target, and strangely enough did not mention a word about the looming international trade confrontation. The central bank after a two-day meeting said inflation over the next 12 months should “run near” the 2% target, updating its language from March that indicated inflation would “move up” towards that level.

• Thursday, July 28th 2016 - 13:04 UTC

  Fed sees current conditions remaining unchanged, at least until December

  

  The United States Federal Reserve on Thursday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

• Saturday, August 23rd 2014 - 06:18 UTC

  Yellen insists with expansive policies despite growing pressure from 'hawks' on interest rate

  

  Federal Reserve Chair Janet Yellen said Friday that the US jobs market has not yet fully recovered, but acknowledged that data is sending mixed signals, spurring debate over inflationary pressures. In a speech to leading central bankers in Jackson Hole, Wyoming, Yellen, who has kept Fed policy expansive due to perceived excess slack in the jobs market, gave no clear new signs for monetary policy.

• Thursday, July 31st 2014 - 07:13 UTC

  Fed further tapers bond-buying program but concerned with labor market

  

  The Federal Reserve said on Wednesday that US growth in economic activity rebounded in the second quarter and labor market conditions improved, with the unemployment rate declining further. However, a range of labor market indicators suggests that there remains significant “underutilization of labor resources”.

• Thursday, May 1st 2014 - 06:58 UTC

  Fed optimistic about US economy; pares securities purchases by another 10bn dollars

  

  The Federal Reserve looked past a dismal reading on first quarter US growth and gave a mostly upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying stimulus. Latest information indicates that economic activity has picked up after having slowed sharply during the winter in part because of adverse weather conditions, the central bank said on Wednesday.

• Thursday, February 20th 2014 - 04:18 UTC

  IMF concerned with risks in emerging markets from pulling back stimulus too quickly

  

  Advanced economies, including the United States, must avoid pulling back stimulus too quickly given the weak global economic recovery and recent market volatility highlights key risks in some emerging markets, the International Monetary Fund said on Wednesday.