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The Federal Reserve Votes To Raise Interest Rates in March 2018, As Expected
The Federal Reserve ended its latest FOMC meeting, and the first such gathering under the stewardship of Jerome Powell, and voted to raise the federal funds rate target by 25 basis points. The move to the higher rate level had been widely expected, with nearly 95% of those on the Street expressing an opinion having suggested such a course was likely. Read more
The Federal Reserve Stays The Course On Interest Rates
The Federal Reserve, to the surprise of virtually no one, voted to keep interest rates unchanged today, with that decision ending the bank's latest two-day FOMC meeting. The tally to keep rates unchanged was unanimous. The next scheduled FOMC meeting is in March. The consensus view is that borrowing costs will go up at that time. Read more
The Beige Book Sees Steady Economic Growth and Moderate Inflation
The Beige Book, a Federal Reserve publication about current economic conditions across the nation's 12 Federal Reserve Districts, which is used by central bank economists to assess the overall direction and pace of business change, was released a bit earlier this afternoon and found that the economy had continued to expand from late November to the end of 2017. Read more
The Federal Reserve Raises Interest Rates At Its December 2017 FOMC
The Federal Reserve, which has become increasingly transparent in recent years, again lived up to its reputation, voting to raise interest rates following the conclusion of its two-day FOMC meeting, which adjourned at 2:00 PM (EST) this afternoon. Read more
The Beige Book Suggests More Of The Same in November 2017
The Federal Reserve, in its Beige Book economic summation, released at 2:00 PM EST suggested that economic activity was continuing to increase at a modest-to-moderate pace across the country, although there had been slight improvement in the outlook in recent weeks. The Beige Book is a Federal Reserve System publication of current economic conditions across the 12 Federal Reserve Districts. Read more
The Federal Reserve Stays The Course In November 2017
The U.S. Federal Reserve, which has been long on transparency and, accordingly, short on monetary surprises in recent years, lived up to its reputation this afternoon, as it voted to keep interest rates unchanged. Expectations for no rate change had been almost universal going into the meeting yesterday. Read more
The Beige Book Is Reassuring
The Federal Reserve issued its Beige Book economic summation a little earlier this afternoon, and there were no surprises. In fact, the stock market, up strongly at that time, continued to hold its impressive gains following the mid-afternoon issuance. Read more
The Federal Reserve Has No Surprises in September 2017
The Federal Reserve did the expected and for now, at least, Wall Street barely reacted. Specifically, the central bank chose to leave interest rates unchanged at its two-day FOMC meeting, which just concluded. That had been widely expected. Also widely forecast had been the Fed's indication that it would begin next month to roll off its $4.5 trillion balance sheet, much of which consists of Treasury securities and mortgage-backed assets it had acquired in the depths of the recession late last decade and its aftermath. Read more
Beige Book Signals Continuing Modest Growth In The Economy
The Federal Reserve's Beige Book economic summation came out minutes ago, and this compilation of business conditions across the country signaled that the nation's long-lived economic upturn was continuing to press forward at a modest pace. However, the lead bank also cautioned about the auto industry, which continues to trend lower following a multi-year climb. Read more
The Federal Reserve Keeps Interest Rates Unchanged
The Federal Reserve, as widely expected, has just voted to keep interest rates unchanged following the conclusion of its latest Federal Open Market Committee meeting. Prior to that get together, some polls had given the central bank just about a 3% chance of raising borrowing costs at the meeting. Any decision other that the one just made, therefore, might have produced some quick and sharp selling. Fortunately for the bulls, that did not occur. Read more
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