FOMC Decision
Federal Open Market Committee Left Interest Rate Target Unchanged after 9-2 Vote
July 30, 2025
This week’s FOMC meeting revised the characterization of recent economic activity from “a solid pace” to having “moderated during the first half of the year.” Characterizations of the labor market (a low jobless rate and solid conditions otherwise) and of inflation (somewhat elevate) were not changed. The decision to maintain the interest rate target of […] More
Should the Fed Hold or Should it Raise?
September 14, 2015
Editorials this past weekend in the Financial Times and The Economist argue that the U.S. central bank should leave the federal funds target range at 0-0.25% at this week’s FOMC meeting. The FT makes the point that the Great Recession shook up economic structures sufficiently so as to cast doubt on how to interpret signs […] More
FOMC Statement Fails to Rock the Boat
May 1, 2013
Today’s statement retained the existing quantitative stimulus setting and didn’t modify its language about the outlook for inflation or it’s guidance regarding future policy decisions. Much of the language reads verbatim as did the prior statement of March 20. The most meaningful change is the addition a a sentence that allows for two-sided risk surrounding […] More
