FOMC statement and forecasts

FOMC Statement and Forecasts

June 13, 2018

Today’s FOMC statement raises the federal funds rate by 25 basis points to a target of 1.75-2.0%, depicts a tighter labor market, upgrades the assessment of personal consumption recent conditions, and deletes the prior observation that market-based measures of inflation are low. The statement also introduces the assertion that inflation consistent with the Committee’s symmetric […] More

FOMC Statement and Forecasts

December 13, 2017

The FOMC met market expectations in raising the federal funds rate by an as-expected 25 basis points to 1.25-1.50%. But the vote was 7-2, with Chicago Fed President Evans joining Minneapolis Fed President Kashkari in favoring no change in the rate. A fairly upbeat statement observes that unemployment (now 4.1%) has declined further and that […] More

FOMC Statement and Forecasts

September 21, 2016

The statement elevates the risk of a coming rate hike in two ways but left the federal funds rate target at a range of 0.25 – 0.50%. A new sentence was inserted that the “Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, […] More