In his first address to Congress at the end of February, President Trump reiterated his commitment to growing U.S. jobs. The most recent report from the Bureau of Labor Statistics shows that during Trump’s first-full month as president employment increased by 235,000 jobs.
Read More »FOMC Minutes Discuss Brexit and Jobs Report
The Federal Open Market Committee released their July 26-27, 2016 minutes noting the changes seen in financial markets and open market operations as well as reviewing the economic state, financial state, and economic outlook.
Read More »The Week Ahead: What to Expect from The Fed
The third meeting of the year for the Federal Open Market Committee (FOMC) will take place Tuesday and Wednesday, April 26 and 27. What is the consensus around the policy decision that will come out of the meeting?
Read More »Fed Says April Rate Hike is All But Off the Table
The Fed noted in the minutes that “raising the target range as soon as April would signal a sense of urgency (FOMC participants) did not think appropriate.”
Read More »Will the FOMC Make the Fed’s 2016 Forecast for Rate Hikes Come True?
Recently there have been mixed reports coming from policymakers on the state of the economy.
Read More »Rate Hike Debate Continues in Federal Open Market Committee
While some policymakers argued that raising interest rates at the end of the fiscal year would help normalize the economy as inflation creeps back to 2 percent, others argued that declines in energy prices and the growing strength of the dollar would curtail inflation and that a later rate hike would make more sense.
Read More »Fed Announces Slow Approach to Interest Rate Increases in 2015
The Federal Reserve announced Wednesday that it intends to take a slow approach to raising interest rates in the coming year, even as the economy continues to strengthen. Given the current climate, the committee hinted that it will take steps to raise short-term interest rates in 2015, though it still would not commit to a timeframe, saying only that "it will likely be appropriate to maintain ... the [current] federal funds rate for a considerable period of time."
Read More »Fed Announces End of QE3 Asset Purchase Program
The Federal Open Market Committee (FOMC) of the Board of Governors of the Federal Reserve System today announced that its asset purchase program, known as QE3 (quantitative easing) will end this month, citing sufficient economic growth.
Read More »Federal Reserve Board Votes to Continue Tapering Program
Leaders at the Federal Reserve voted Wednesday to move forward with the central bank's plans to gradually cut monthly bond purchases, a sign of growing confidence that the economy is trending in a more favorable direction.
Read More »Fed: Taper Continues; Adjust Economic Projections
The Federal Open Market Committee (FOMC) concluded its June meeting with the announcement that members have once again voted to bring down the Federal Reserve's stimulative monthly asset purchases. Taking a cue from improvements in labor market indicators, household spending, and general economic activity, the committee members voted to reduce the Fed's monthly purchase of agency mortgage-backed securities.
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