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Latest Federal Open Market Committee Stories

2014-02-20 23:00:24

California mortgage company, Blue Loan Services, comments on the current situation and gives advice for mortgage seekers. San Diego, CA (PRWEB) February 20, 2014 California borrowers are looking at slightly higher rates, as mortgage lenders were prompted to reprice negatively after the Federal Open Market Committee released the minutes of its meeting held late this January. The fact that mortgage rates had been moderately lower than last week’s closing rates over the past two days shows...

2014-01-28 23:00:59

Blue Loan Services takes a look at the current situation and gives some advice for mortgage seekers. San Diego, CA (PRWEB) January 28, 2014 As a full service mortgage company, Blue Loan Services and its team of experienced mortgage professionals has been providing California mortgage borrowers with the best loan products, the lowest rates and fees, and access to the top lenders and realtors for many years. The company also works to inform their clients of any changes in the finance or...

2010-11-03 15:05:00

NEW YORK, Nov. 3, 2010 /PRNewswire/ -- Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: Gold thrives on political and economic uncertainty . . . and we've got plenty of that following the Republican victories this week and the Fed's Wednesday afternoon announcement that it is embarking on another large dose of monetary stimulus. We reiterate our long-term forecast that...

2010-09-08 16:04:00

CHICAGO, Sept. 8 /PRNewswire/ -- View a video featuring Diane Swonk discussing the September issue of Themes on the Economy®. Read this month's issue. "I just returned from the 2010 Federal Reserve Bank of Kansas City Economic Symposium, August 26-29 in Jackson Hole, Wyoming. The theme was 'Macroeconomic Challenges: The Decade Ahead,' and the audience was heavily populated with central bankers from around the world, which seemed appropriate given the global dimensions of...

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2009-04-14 11:05:00

U.S. Federal Reserve Chairman Ben Bernanke said the central bank would react quickly to tighten liquidity if the threat of inflation heats up in the future. As the economy picks up steam, liquidity that the Fed has put into the system could begin to pose an inflationary threat unless the FOMC acts to remove some of that liquidity and raise the federal funds rate, Bernanke said in a speech at Morehouse College in Atlanta Tuesday. Bernanke said the threat of inflation has occupied a significant...

2008-12-16 14:53:12

The U.S. Federal Reserve Tuesday cut the federal fund rate from 1 percent to a range between zero percent and 0.25 percent, the lowest in its history. Although inflationary pressures have diminished considerably, the Fed said that the labor market, consumer spending, business investment and industrial production have all declined. Financial markets remain quite strained and credit conditions tight, the Federal Open Market Committee said in a statement. The focus ... going forward will be to...

2008-08-06 12:00:17

The Federal Reserve left interest rates unchanged on Aug. 5, and rate-setters made clear that they take the risk of a worsening economic slowdown every bit as seriously as they take the risk of inflation. Only one voter on the Federal Open Market Committee dissented from the opinion, saying he wanted an immediate rate increase in the federal funds rate from its current level of 2%. That was Richard Fisher, president of the Federal Reserve Bank of Dallas. The Fed's statement accompanying its...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'