...districts through November 24. Historically, negative Beige Books correlate with a cut in the target Fed Funds rate by the FOMC. The FOMC instituted an emergency cut in the Fed Funds rate to 1.50% before the last Beige Book was issued and then cut the target...
...trend remains very much in favor of US dollar strength. Though Federal Reserve Chairman Ben Bernanke has indicated that the FOMC is likely to cut rates further, the fed funds rate is already at a historic low of 1.00 percent which leaves little in the way...
...trend remains very much in favor of US dollar strength. Though Federal Reserve Chairman Ben Bernanke has indicated that the FOMC is likely to cut rates further, the fed funds rate is already at a historic low of 1.00 percent which leaves little in the way...
...and are thus willing to lend overnight federal funds at rates below the target. He's still lost control of monetary policy. The FOMC will ensure that that is done in a timely way. However, that is an issue for the future; for now, the goal of policy must be...
...to return to normal levels, the Fed's balance sheet will eventually have to be brought back to a more sustainable level. The FOMC will ensure that that is done in a timely way. However, that is an issue for the future; for now, the goal of policy must be to...
...was a lot of news to write about today…Seriously. When the FOMC “cuts” interest rates, they do so by buying short-term treasury bills. This method of adding liquidity into the economy is hampered if there is no interest rate to “cut”. This pickle we find ourselves...
...from his position as a voting member of the Federal Open Market Committee, which sets the central bank's interest-rate policy. The FOMC's next meeting is Dec. 15-16, and many economists predict the Fed will lower rates again to limit damage to the already...
...FOMC's next meeting is Dec. 15-16, and many economists predict the Fed will lower rates again to limit damage to the already crippled economy. Housing, credit and financial debacles have clobbered the economy, sending consumers and businesses alike into hibernation...
...to return to normal levels, the Fed's balance sheet will eventually have to be brought back to a more sustainable level. The FOMC will ensure that that is done in a timely way. However, that is an issue for the future; for now, the goal of policy must be to...
...Federal Open Market Committee, the Federal Reserve's chief policy-making group that includes Fed chairman Ben Bernanke. The FOMC's next meeting is Dec. 15-16, and many economists predict the Fed will lower rates again to limit damage to the already crippled...