FOMC leaves federal funds rate unchanged this afternoon. Here’s a copy of their statement. I’m not in a good mood so don’t expect anything until I cool off. Sorry.
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Tag Archives: FOMC
The Week Ahead…
This week should promise to be full of excitement as the FOMC meets Tuesday and Wednesday to decide the fate of the U.S. economy. Well perhaps not the fate, but they will decide on new interest rate policy. At this point, any further rate cuts will probably signal financial suicide, so expect the FOMC not [...]
April 30, 2008 - FOMC Cuts Federal Funds Rate 25 Basis Points to 2.00%
The FOMC this afternoon cut the Federal Funds Rate and the Discount Rate by 25 basis points to 2.00% The following is the text of the FOMC announcement.
FOMC Meeting; Announcement in 60 Minutes
The FOMC met yesterday and this morning regarding the state of the economy. The markets are currently pricing in an 80% chance of a 25 basis point cut. So far, the markets are up about 100 points prior to the announcement in approximately 60 minutes. Personally, I hope the Fed decides to hold firm and [...]
FOMC Meeting Tuesday and Wednesday
The Federal Open Market Committe (FOMC) “The Fed” will meet tomorrow and Wednesday. What does this mean for you? Well word around The Street says a 25 basis point cut for the federal funds rate is coming. Short term, stocks should shoot somewhat upward, especially after the rough couple of weeks we’ve had. If you [...]