FOMC
Items include
Economic Indicators
Feb 1, 2023
As expected, the FOMC raised its benchmark rate by 25bp to a new range of 4.50% - 4.75%. This 25bp hike marks a step down from the December 50bp hike and from the four straight 75bp increases before that. Inflation...
Dec 14, 2022
As expected, the FOMC raised its benchmark rate by 50bp to a new range of 4.25%-4.50%. Further increases are expected in 2023 with the benchmark rate projected to rise to 5.10% while tapering off in 2024, 2025, and in the...
Nov 2, 2022
In a unanimous decision, the FOMC raised its benchmark interest rate by 75bp for the fourth consecutive time to a new rate range of 3.75%-4.00%, For the year, cumulative tightening stands at 375bp, the most in one year since 1980....
Sep 21, 2022
The FOMC raised its benchmark interest rate by 75 basis points for the third consecutive time to a new rate range of 3.00%-3.25%, the highest since before the 2008 financial crisis. The FOMC reiterated that “ongoing increases in the target...
Jul 27, 2022
In a unanimous decision, the FOMC raised its benchmark interest rate by 0.75% in what are now back-to-back 75bps rate hikes. Aside from last month's 75bps hike, November 1994 was the last time a hike of this size occurred. That...
Jun 15, 2022
The FOMC raised its benchmark interest rate by 75bps to a new target range of 1.50%-1.75%. This is the first 75bps increase since 1994. The Fed plans to continue to reduce its balance sheet by $47.5 billion a month, as...
May 4, 2022
The FOMC raised its benchmark interest rate by 0.50% for the first time since 2000, and policy makers have not raised the benchmark in successive meetings since 2006. This comes as no surprise to the markets since Chairman Powell put...