With the Fed not raising its targeted federal funds rate on Wednesday, investors in certificates of deposit will have to wait on the prospect of higher short-term interest rates.
The Fed is likely to modify the phrasing of its policy statement to signal that an increase in the targeted federal funds rate is not a “considerable time” off in the future.
Fed Chair Yellen discusses weakness remaining in the job market and how it affects interest rates.
The Fed finds that the winter thaw has helped the economy rebound from cold-weather slowdowns.
The Labor Department says 175,000 jobs were added last month, while the unemployment rate rose.
The Beige Book reports moderate economic growth across the country. That’s actually an improvement from the modest growth reported previously.
The minutes of the last Fed meeting show that many committee members see the end of QE at the end of 2013. Could that mean higher CD rates?
After an eventful September meeting, this time the Federal Reserve’s policymaking committee took a rest.
At a scheduled press conference, Federal Reserve Chairman Ben Bernanke cited the continued struggles of the U.S. job market as the reason for announcing QE3.
The Federal Reserve’s rate-setting committee will start its third large-scale asset purchase plan — which makes it officially QE3.