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Tag Archives: FOMC

Fed Freezes on Rate Hike

Even though the housing sector has shown further improvement, the Federal Open Market Committee dodged another rate increase this month like many in the industry predicted.

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Fed Decides Against Interest Rate Hike

According to the FOMC’s statement, this decision was made to “support continued progress toward maximum employment and price stability” and largely factored in energy prices, household spending and incomes, unemployment rates, inflation and other economic influencers. Despite opting to continue with its current interest rates, the FOMC’s statement did recognize that increases in the future are possible.

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Fed Removes ‘Patient’ Pledge after FOMC Meeting

Fed

Despite removing the “patient” policy, the Federal Open Market Committee remained steady on the belief that interest rates will not increase by their April meeting. Fed Chair Janet Yellen emphasized in a press conference following the meeting, the removal of the pledge doesn’t mean Fed rates will increase by June.

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Fed: QE3 Asset Purchase Program to End In October

With the substantial improvement in the outlook for the labor market, as judged by the Committee, since the inception of the QE3 asset purchase program two years ago and the broader economy's underlying strength to support ongoing progress toward maximum employment in a price stability context, the Committee decided to conclude the QE3 program this month.

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Fed to Cut Monthly Bond Purchases to $25B

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. In a statement released following its July meeting, the Federal Open Market Committee announced it has voted to bring its purchases of agency MBS and longer-term Treasury securities to a pace of $25 billion per month.

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Fed Stays on Track with Bond Purchases

The 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 (MBS) to a combined $35 billion per month.

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