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Showing 1 - 10 of 157 results for "Federal Open Market Committee"

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The US Federal Open Market Committee (FOMC) chose to keep the benchmark policy rate at 5.25% to 5.50%. Despite holding rates at their current level, the latest dot plot revealed the FOMC expects 75 basis points of cuts this year, with more to come in ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... period of strong labour market conditions that benefit all." Starting from early last year, the Federal Open Market Committee (FOMC) has maintained a firm approach towards tightening monetary policy, making the latest hike the 11th out of the 12 meetings ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... Federal Reserve has chosen to keep the current target range for the federal funds rate at 5-5.25%. The Federal Open Market Committee (FOMC) opted to hold the funds rate steady, citing the need to assess additional information and its implications for ...

CPI rises despite Fed rate hikes

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... Though, these increases were partly offset by a 4.9% decline in the gasoline index. Meanwhile, the Federal Open Market Committee minutes said: "Inflation remained elevated, reflecting supply and demand imbalances related to the pandemic, higher food ...

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
... personal consumption expenditures price index) modestly above the 2% inflation target set by the Federal Open Market Committee (FOMC). "This would be a welcome development for the FOMC, as inflation has generally been below target for many years." Now ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
Maybe not at this month's Federal Open Market Committee (FOMC) meeting but consensus expect the US Federal Reserve to serve Christmas in July with a 25 basis point reduction in the fed funds rate from 2.25%-2.5% to 2%-2.25%. The CME FedWatch Tool ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
... these lines at his first outing for 2018. Still, it's more comforting to have all the members of the Federal Open Market Committee (FOMC) put their imprimatur in black and white. Yes, Virginia. We got it! It's there in the minutes of the 18-19 December ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... should be enough to persuade any investor to hit the buy button. "Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong ...

Chief economist update: The grass is paler on the China side

BENJAMIN ONG  |  THURSDAY, 2 AUG 2018
... give the US central bank a platform to gloat about the US economy. "Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong ...

Moving on up to target

BENJAMIN ONG  |  TUESDAY, 1 MAY 2018
... expectations, both of the market and that of the Fed's. The Fed put this in the minutes of its March 20-21 Federal Open Market Committee (FOMC) meeting, noting that "all participants expected inflation on a 12-month basis to move up in coming months." ...
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