The Federal Open Market Committee begins a 2-day meeting today in the nation's capitol. It's the group's third of 8 scheduled meetings this year. Mortgage rates are expected to change upon the Fed's adjournment. Led by Chairman Ben Bernanke, the FOMC is a 12-person, Federal Reserve sub-committee. The FOMC is the group within the Fed which votes … [Read more...]
Fed Minutes Show Improving Economy Threatened By the Eurozone
January 12, 2012 by Leave a Comment
The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. The Fed Minutes are a detailed meeting recap; the companion piece to the more brief, more well-known press release. December's Fed Minutes shows Fed members with a positive, cautious, take on the economy. Recent data suggests that the … [Read more...]
Simple Explanation – Federal Reserve Statement (Dec 13, 2011)
December 13, 2011 by Leave a Comment
Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was nearly unanimous for the second straight month. Just one FOMC member dissented in the vote, favoring additional policy stimulus beyond what the Federal Reserve currently provides. In its … [Read more...]
What Does it Mean? Federal Reserve Statement (November 2, 2011 Edition)
November 2, 2011 by Leave a Comment
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The Federal Reserve presented an improved outlook for the U.S. economy, noting that since its last meeting in September, there's new evidence that the economy "strengthened somewhat" in the third … [Read more...]
Make Your Mortgage Rate Strategy : The Federal Reserve Starts A 2-Day Meeting
November 1, 2011 by Leave a Comment
The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 8 scheduled meetings this year, and the eighth Fed meeting overall. The FOMC is a 12-person sub-committee within the Federal Reserve. It's the group responsible for setting the nation's monetary policy and is led by Federal Reserve Chairman Ben … [Read more...]
A Simple Explanation Of The Federal Reserve Statement (September 21, 2011 Edition)
September 21, 2011 by Leave a Comment
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3 -- the second straight meeting at which the FOMC adjourned with as many 3 dissenters. Prior to that last meeting, there hadn't been 3 FOMC dissenters since 1992. In its press … [Read more...]
The Fed Adjourns At 2:15 PM ET Today : What It Means For Mortgage Rates
September 21, 2011 by Leave a Comment
The Federal Open Market Committee adjourns from a two-day, scheduled meeting today, the sixth of 8 scheduled meetings this year, and the seventh Fed meeting overall. The FOMC is a designated, 12-person committee within the Federal Reserve, led by Fed Chairman Ben Bernanke. The FOMC is the voting members for the country's monetary policy. Among … [Read more...]
