The Federal Open Market Committee (FOMC) of the US Federal Reserve System (the Fed) will be heading into its fifth monetary-policy meeting for the year on July 30, with markets keenly eyeing the outcome, in spite of the majority of market indicators already pricing in a rate cut.
US Federal Reserve System
The US Federal Reserve (the Fed) voted unanimously to raise benchmark interest rates by 25 points at its concluding monetary-policy meeting in 2018 on December 18-19.
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.
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 United States was among the best-performing economies globally in 2017, not only leading most of the G-8 countries in terms of economic growth last year, but it is also the frontrunner as analysts look forward to the country’s economy expanding at a faster rate in the year ahead.
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.
Corporate America is in high spirits on the back of solid earnings growth in 2017. More than 75 percent of all listed companies on the S&P 500 Index (SPX) reported higher than expected EPS (earnings per share) growth
Core personal consumption expenditures (PCE) in the United States edged up by 0.1 percent in July, according to the data published by the Bureau of Economic Analysis (BEA). The core index rose by 1.4 percent year-on-year, lower than the previously reported 1.5 percent in June.
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.