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The Federal Open Market Committee action known as Operation Twist (named for the twist dance craze of the time [1]) began in 1961. The intent was to flatten the yield curve in order to promote capital inflows and strengthen the dollar. The Fed utilized open market operations to shorten the maturity of public debt in the open market.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal ...
The Federal Reserve said Wednesday it will hold interest rates steady at a 22-year high for the third consecutive meeting, as US economic growth slows and investors look toward the beginning of ...
Federal Reserve Chair Powell, ... "The trip down is likely to be much slower than the series of interest rate hikes which quickly pushed the federal funds rate higher by 5.25 percentage points in ...
Federal funds rate
Speaking at an annual gathering in Jackson Hole, Wyoming, Powell said the "time has come" for the Fed to adjust its interest rate policy. The announcement comes after a yearslong effort to fight ...
The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed) that is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities). [1] This Federal Reserve committee makes key decisions about interest rates and ...
Fed officials see the fed funds rate peaking at 4.6% in 2024, down from the Fed's previous September projection of 5.1%. That suggests the Fed will cut rates by 0.75% next year.