A Federal Reserve official has quit in scandal. What does that mean for interest rates?
Federal Reserve Chair Janet Yellen returns to the most-watched economic confab of the year — the symposium in Jackson Hole, Wyoming — after missing last year’s, and all ears will be listening for a hint at monetary policy for the rest of the year.
Next week, the Federal Open Market Committee meets to decide on the direction of monetary policy. Currently, the fed funds rate sits at 0.25% to 0.5%.
Members of the Federal Open Market Committee at its April meeting saw conditions in the labor market improve, even as the economy appeared to have slowed.
Policymakers at the Federal Reserve have opted to keep interest rates frozen.
The Federal Open Market Committee (FOMC) influences reserve availability using open market operations by adding or removing reserves from the banking system.
Will short-term interest rates rise at the Fed meeting in December? How will bond investors react?
Minutes from last month’s Federal Reserve meeting explain why interest rates were left alone.
Will the Fed raise its targeted federal funds rate in September? The world will know after it meets in mid-September. Is it time to put away the punch bowl?
Minutes from the last Fed meeting suggest policymakers are getting closer to raising interest rates.