Our Insights and Commentary
What You Need to Know About the Federal Reserve’s Predictions.
The Federal Reserve Open Market Committee (FOMC) held its September meeting earlier this week, a notable one since this will be the last before the November elections. The Federal Reserve decided to hold its benchmark interest rate at 0-0.25% and continue its program of asset purchases
Federal Reserve Update
Earlier on Wednesday, the Federal Reserve Open Market Committee (FOMC) raised the fed funds target rate by 0.25% to a new level of 2.25-2.50%, which was widely anticipated. The formal Federal Reserve statement was little altered from November, since it noted that economic activity remained strong..