Tag Archives: Federal Reserve’s Federal Open Market Committee (FOMC)

Before their spring meeting, the Federal Open Market Committee moved to hold interest rates steady. Click through for commentary on the news.

The Federal Reserve’s Open Market Committee chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of the action the committee last took in September.

The Committee will continue to assess additional information and its implications for monetary policy at future meetings with an inflationary goal of 2%.

On the heels of Fitch Ratings downgrading the GSEs’ senior unsecured debt ratings to 'AA+' from 'AAA,’ Freddie Mac reports the fixed-rate mortgage climbed nine basis points week-over-week, inching closer to the 7%-mark.