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Dec 13

A Simple Explanation Of The Federal Reserve Statement (December 13, 2011 Edition)

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 press release, the Federal Reserve sais that the the U.S. economy is improving, noting that since its November 2011 meeting, the economy has been … [Read more...]

Nov 02

A Simple Explanation Of The Federal Reserve Statement (November 2, 2011 Edition)

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 nearly unanimous, with just one dissenting voter. There were 3 dissenters at each of the FOMC's last two meetings. In its press release, 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...]

Aug 31

Fed Minutes : Fed Considered Additional Stimulus In August

The Fed publishes meeting minutes 8 times annually -- three weeks after each scheduled Federal Open Market Committee get-together. The Fed Minutes summarizes the FOMC meeting. The Federal Reserve released the minutes from its August 9, 2011 Federal Open Market Committee meeting Tuesday. The Fed Minutes contained no surprises and, as a result, mortgage rates across District of Columbia and nationwide have idled. Although it gets less press attention, the Fed Minutes is every bit as … [Read more...]

Jun 22

A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)

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 10-0 -- the fourth straight unanimous vote for the nation's Central Bank. In its press release, the FOMC said that the economy is recovering, although "somewhat more slowly" than what was expected. Labor markets have been weaker than anticipated and the Fed believes that is, in part, a result of higher food and energy costs, and … [Read more...]

May 19

Fed Minutes Put The Heat On Mortgage Rates To Rise

The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened; rates in DC are higher by 1/8 percent this morning, at least. The "Fed Minutes" is published 8 times annually, three week after each scheduled FOMC meeting. The minutes are the Federal Reserve's official recap of the conversations and debates that shaped the prior FOMC session. Another way to consider the Fed Minutes is as the companion … [Read more...]