The Fed meeting this week brought a couple of changes to the economic projections from the Federal Reserve. The projections are released four times per year and typically include forecasts for the direction of the gross domestic product, unemployment and inflation.
How Fed moves affect mortgage rates
Click through the timeline below to see the effect the Fed's moves had on mortgage rates.
The Federal Open Market Committee
The rate-setting Federal Open Market Committee meets at least eight times a year. Its members include the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and a rotating selection of presidents of the other 11 reserve banks.
Board of Governors (Chairman)
Board of Governors (Vice-Chairman)
Board of Governors
Cleveland
Richmond
Atlanta
San Francisco