Federal Reserve Blog

Friday, May 7, 2010 9:45 am
By Greg McBride, CFA · Bankrate.com

The jobs report showed an increase in the unemployment rate to 9.9 percent, but the real headline is that we saw respectable job growth in April, 290,000 new jobs, on top of an upwardly revised 230,000 new jobs in March. While we really need to see 400,000 or 500,000 new jobs on a consistent basis to begin making a dent in the 15.3 million unemployed, there is no denying that things are headed in the right direction.

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Tags: FOMC
Thursday, May 6, 2010 1:19 pm
By Greg McBride, CFA · Bankrate.com

Yes, the employment report is still the top gauge of where we stand economically and it will retain its critical importance in that regard.

However, it will carry significance for an additional reason. The monthly employment report could be a catalyst for the next move in long-term interest rates.

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Friday, April 30, 2010 10:16 am
By Greg McBride, CFA · Bankrate.com

The economy grew solidly, but not spectacularly, in the first three months of 2010. Consumers were the driving force as they let loose after 18 months of belt tightening.

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Wednesday, April 28, 2010 3:40 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee’s two-day meeting concluded this afternoon, with no change in rates and virtually no change in their statement. The Fed did mention the job market “is beginning to improve,” that “growth in household spending has picked up recently,” and that housing starts “have edged up but remain at a depressed level.”

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Wednesday, April 21, 2010 11:35 am
By Greg McBride, CFA · Bankrate.com

It is time for Bernanke to put his money where his mouth is and make a key change to the Fed statement following today’s meeting.

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Wednesday, April 14, 2010 9:36 am
By Greg McBride, CFA · Bankrate.com

Despite a lack of wage growth, consumers pushed retail sales higher in March. And with CPI still tame, Bernanke will stick to the script of low interest rates.

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Monday, April 12, 2010 2:52 pm
By Greg McBride, CFA · Bankrate.com

Something caught my eye over the weekend. The CBOE Volatility Index, referred to as the VIX and often considered a “fear gauge” for investors, is at its lowest point since Oct. 2007. Hmmm, Oct. 2007.

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Wednesday, April 7, 2010 9:59 am
By Greg McBride, CFA · Bankrate.com

The minutes of the March 16 meeting of the Federal Open Market Committee were released Tuesday afternoon. The Fed remains committed to keeping rates low, citing the likelihood of only moderate economic growth over the next two years.

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Wednesday, March 31, 2010 3:22 pm
By Greg McBride, CFA · Bankrate.com

The Home Affordable Refinance Program is the real key to avoiding another wave of mortgage rate reset-induced defaults in the next few years.

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Tuesday, March 30, 2010 8:15 am
By Greg McBride, CFA · Bankrate.com

The Federal Reserve will raise interest rates sometime. Here’s how to prepare your finances for the higher rates.

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