Latest Federal Open Market Committee Stories
LONDON, August 2, 2012 /PRNewswire/ -- On Wednesday evening, the Federal Open Market Committee (FOMC) announced that they would not be introducing any new QE measures this month to help boost the flailing US economy, while leaving interest rates unchanged at historic lows. Following the announcement, we look at what effect this has had on the markets and how you can take a position with a spread betting account [http://www.cityindex.co.uk/spread-betting ] from City...
SAN DIEGO, Sept. 30, 2011 /PRNewswire/ -- On Friday, Federal Reserve Bank of St. Louis President James Bullard delivered remarks titled "U.S. Monetary Policy at Another Crossroads" at the 2011 "Dealmakers of the Year" Business Breakfast, hosted by Point Loma Nazarene University's Fermanian Business & Economic Institute. Bullard talked about the weaker-than-expected recovery, noting that U.S. economic growth is sluggish and that the Federal Open Market Committee (FOMC) has warned about...
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...
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 the crisis,"...
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...
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...
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...
The Federal Reserve remains in a tricky position with respect to its Aug. 5 policy meeting. U.S. economic growth remains sluggish, and risks that the economy could tip into recession are significant. That would argue against any upward moves from the current Fed funds rate of 2.0%. But recent data reports show that inflation continues to gather strength, which ordinarily would prompt the central bank to consider tightening policy. What to expect from Ben Bernanke and his colleagues Tuesday?...
By Stephen Foley The Federal Reserve has lifted the veil on the emergency meetings and extraordinary decisions that surrounded the collapse of Bear Stearns in March, when bankers feared its bankruptcy would spread like a contagion through the financial system. The minutes of two hastily convened Fed meetings were released yesterday, showing that at the first - after Bear had privately confessed that it was having trouble meeting its trading obligations - only four members of the Federal...
The Federal Reserve finds itself at a critical juncture as Ben Bernanke & Co. approach the June 24-25 Federal Open Market Committee meeting. Despite 300 basis points in rate cuts since last August, the U.S. economy continues to show signs of weakness, and financial markets are still skittish in the wake of the subprime-fueled credit crisis. But policymakers are growing increasingly wary of the threat posed by rising food and energy prices, How will the Fed handle the various challenges at the...
