The Federal Open Market Committee on Wednesday, as expected, raised the federal funds rate by another 25 basis points to its highest level since July 2007. And while it hinted this might be the final increase for a while, it left open the door for more action should economic conditions warrant.
Tag: Federal Open Market Committee
The Week Ahead, May 1, 2023: The Fed, Jobs Reports; and Countdown to MBA Spring Conferences
The Federal Open Market Committee holds its regularly scheduled policy meeting this Tuesday, May 2 and Wednesday, May 3, issuing its policy statement at 2:00 p.m. ET on Wednesday.
Fed Adds 25 Basis Points to Federal Funds Rate
The Federal Open Market on Wednesday raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.
The Week Ahead, Mar. 20, 2023: The Fed and More Housing Reports
The Federal Open Market Committee meets this Tuesday, Mar. 21 and Wednesday, Mar. 22 amid remarkable conditions: persistent inflation, persistent job and wage growth, persistent economic volatility—and, as of last week, the collapse of two major financial institutions (Silicon Valley Bank and Signature Bank) and shaky conditions with at least two other institutions.
Fed Raises Funds Rate 25 Basis Points
The Federal Open Market Committee telegraphed its intentions weeks ago; on Wednesday, to no one’s surprise, it raised the federal funds rate by 25 basis points.
Fed Slows Pace of Rate Hikes, But Hints at More
In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
Fed Slows Pace of Rate Hikes, But Hints at More
In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
November CPI Posts Welcome ‘Modest’ Increase
It’s not often that “modest” has economic significance, but when it refers to inflation as of late, then “modest” is perhaps a welcome description.
The Week Ahead, Dec. 12, 2022: The Fed and Five Other Things to Know
Good morning, and happy Monday! The holidays are coming up quickly, and a lot has to happen before then. Here’s what you need to know this week:
Fed Raises Rate to 15-Year High
The Federal Open Market Committee, as expected, raised the federal funds rate by 75 basis points on Wednesday to its highest level since 2008.