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The minutes from the Fed's January FOMC meeting show guarded optimism about the economy. But deeds say more than words, and in the end the Fed decided to stick with their statement that conditions
The Federal Reserve released its Federal Open Market Committee statement today and the most noticeable aspect was confirmation that it is winding down its purchase of mortgage backed securities.
The Federal Reserve's Federal Open Market Committee today voted to keep the target range for the federal funds rate at 0 to 1/4%. In addition, the Fed said it would continue programs to keep...
The Federal Reserve Open Market Committee met today and described an economy that had bottomed but that will be slow to recover.
Article | Aug 12, 2009 | Views: 140 | Comments: 0
Tags: bernanke, federal reserve, fomc
The Federal Reserve cut its target interest rate by half a percentage point yesterday to just 1% in an effort to increase lending in the economy. This is good news for the economy ( although the...
As expected, the Fed dropped rates by 50 basis points (half a percent) to 1%. The idea is to make it cheaper for banks and borrowers to get money. The problem is that banks still don't want to...
The Fed today announced it was keeping rates at 2% as was widely expected. It's announcement opened the door for future rate hikes as its statement mentioned the danger of inflation.
Article | Jun 25, 2008 | Views: 453 | Comments: 0
Tags: fomc, fed funds rate
A recommendation for a friend trying to start a music career...A ramble about the economy...A rant about immigration.
Citing weakening economic outlook, Federal Reserve makes biggest cut in nearly 24 years - three quarters of a point.
This shows the Fed is totally disregarding inflation.