The US Federal Reserve (the Fed) voted unanimously to raise benchmark interest rates by 25 basis points to a range between 2.0 and 2.5 percentin September, following its two-day monetary-policymeeting.
Federal Open Market Committee
The seasonally adjusted US Producer Price Index (PPI) advanced 0.3 percent in June after registering a 0.5-percent rise the previous month, according to information published by the US Bureau of Labor Statistics.
On March 21, the Federal Open Market Committee (FOMC) of the US Federal Reserve Board under its new chairman, Jerome Powell, raised benchmark interest rates, or the target for the federal funds rate, by 25 basis points to 1.5-1.75 percent
The Federal Open Market Committee (FOMC) in its penultimate monetary policy meeting of the year voted unanimously to leave the benchmark federal funds rate untouched at 1.00-1.25 percent and focus instead on normalizing the $4.5 trillion balance sheet.
On October 12, 2017, the US Federal Reserve released the minutes of the Federal Open Market Committee’s (FOMC’s) monetary-policy meeting for September in the aftermath of hurricanes Harvey and Irma.
The FOMC (Federal Open Market Committee) will be holding its sixth policy meeting of 2017 from September 19-20, after the Board of Governors of the US Federal Reserve System voted unanimously to leave its key interest rate unchanged in July.
The US Federal Reserve System decided to leave its benchmark interest rate untouched following its two-day policy meeting on July 25-26, in line with market expectations.
In a recent interview with the Wall Street Journal, US President Donald Trump’s remarks about the Federal Reserve System’s Board of Governors Chair Janet Yellen threw some for a loop.
US second quarter advanced gross domestic product (GDP) numbers for 2017 are expected to be announced on Friday, July 28—and the stock markets are already excited, with key indices scaling fresh all-time highs, anticipating the US economy to rebound after disappointing in the first quarter.