Federal Reserve Blog

The Federal Reserve Blog covers news involving the nation's central bank, which wields power guiding the economy and regulating the financial sector. Its decisions affect a multitude of factors that impact our financial lives, including the performance of markets and returns on investments and savings. Bankrate's team of journalists and top-notch sources can help make sense of the Federal Reserve's sometimes complicated announcements and decisions. See the latest Federal Reserve Blog posts below.
Wednesday, January 26, 2011 3:24 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee was a little more upbeat than in December, but left the bond-purchase program known as QE2 intact. The FOMC statment was little changed, with the Fed noting a pickup in both household and business spending late in the year, the rise in commodity prices, and the fact that the drop

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Tuesday, January 18, 2011 4:08 pm
By Greg McBride, CFA · Bankrate.com

A couple of quotes jumped out during my weekend reading. The first comes from a front-page article in Saturday’s Wall Street Journal about banks making more loans to consumers and businesses. It closes with a couple that “took out a home equity line of credit this month to help finance the purchase of a 4,000

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Friday, January 7, 2011 9:30 am
By Greg McBride, CFA · Bankrate.com

The headlines will all scream about the drop in the unemployment rate to 9.4 percent. But job growth was a middling 103,000, powered by private sector hiring of 113,000. Those numbers are not enough to pull the unemployment rate lower, and certainly not to the extent that it dropped. So if hiring isn’t bringing the

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Tags: economy, job
Monday, December 13, 2010 12:17 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee meets tomorrow, with an official statement expected approximately 2:15 p.m. Eastern. No action of any significance is expected. It was the last meeting that was the big splash known as QE2, with the Fed pledging $600 billion in government bond purchases by the end of next June to reduce interest

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Friday, December 3, 2010 9:18 am
By Greg McBride, CFA · Bankrate.com

The November jobs report came in well short of expectations. November saw just 39,000 new jobs and 50,000 in the private sector, compared to expectations in the 130,000-175,000 neighborhood. The revisions that make September and October appear slightly better are no consolation. Yes, the November figures will be revised twice more, but it won’t be enough to

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Wednesday, December 1, 2010 3:43 pm
By Greg McBride, CFA · Bankrate.com

The economic report used by the Federal Open Market Committee to evaluate the health of the economy — known as the Beige Book – showed the economy “continued to improve, on balance” between October and November. The news was generally positive and consistent with an economy slowly getting to its feet, but not bounding ahead by

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Wednesday, November 3, 2010 4:17 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee announced a $600 billion bond purchase program, to take place now through June 2011, in an effort to stave off any threat of deflation and kick start the economy. While the program will likely succeed in avoiding deflation – many would argue we’ll avoid it anyway – this doesn’t solve our economic

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Thursday, October 28, 2010 12:59 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee, which meets Nov. 2-3, is all but certain to announce renewed measures intended to boost the economy. Specifically, the Fed will engage in another round of bond-buying, snapping up government debt with newly created money. It is hardly a secret this is coming; for those of you too consumed by

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Friday, October 8, 2010 9:58 am
By Greg McBride, CFA · Bankrate.com

The monthly employment report for September was released this morning and the number that gets attention is minus 95,000. But that’s not the most significant number. Why? Because the government shed 159,000 positions, mostly temporary Census workers, distorting the figures. The most relevant number continues to be private sector job growth. The good news is

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Tuesday, September 21, 2010 5:23 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee’s statement issued this afternoon clearly conveyed a willingness to throw more money into the financial system with another round of quantitative easing, perhaps as soon as November. That is what the market expected from the Fed, and the Fed delivered. But what is most significant — and somewhat alarming — is

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