While cautioning that the economy still needs the central bank’s support, Yellen stated that the nation’s economic recovery will be nearing completion within two years.
The end of today’s Federal Open Market Committee (FOMC) meeting included fresh dovish language in its policy statement – but the market-friendly attitude failed to excite investors who were hoping for more.
As widely expected, the U.S. Federal Reserve announced it will stay the course on its bond tapering. Anticipated – but not as expected – the policy statement shed some light on eventual interest rate hikes.
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At the Fed meeting today, the U.S. Federal Reserve announced that it will begin tapering its bond-buying program by $10 billion per month starting in January. The policy, which was designed to recharge economic growth, will be scaled back to $75 billion per month from $85 billion per month.
Fed-watchers are pretty sure they know what the word on a Fed taper will be when the official announcement comes following the Federal Open Market Committee (FOMC) meeting today and tomorrow (Wednesday)…
The Fed meeting today and tomorrow will focus on when to taper the $85 billion monthly bond purchasing program known as quantitative easing (QE).
Ever heard of the Taylor Rule?
Not many people have, but the folks at the U.S. Federal Reserve are very familiar with it – and they’d probably prefer that this highly respected guideline for the federal funds rate languish in obscurity.
The Federal Open Market Committee (FOMC) meeting minutes out today (Wednesday) confirmed that the Sept. 17-18 meeting involved more debate than before on whether or not to continue quantitative easing (QE).
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…