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06:00 PM Cooking Class at Marisolio Tasting Bar- Polish Feast
06:00 PM Cooking Class at Marisolio-Polish Feast
07:00 PM Calaveras High School Drama will be Presenting "Cinderella" April 26-29
Saturday, Apr 28
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11:00 AM Guided Tours of Ironstone Vineyards
11:00 AM Town Tours of Columbia State Historic Park
12:00 PM Murphys Old Timers Museum Will Display "Cattle in the Sierras " Through April
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05:00 PM Bret Harte Leadership Fundraiser Dinner
All Day Murphys "Classic Car Night"
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Sunday, Apr 29
10:00 AM The 2018 UCCE Master Gardeners of Amador Plant Sale
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11:00 AM Guided Tours of Ironstone Vineyards
11:00 AM Town Tours of Columbia State Historic Park
11:45 AM Humane Society of Tuolumne County's Tails of Two Kitties Spring Brunch
12:00 PM Murphys Old Timers Museum Will Display "Cattle in the Sierras " Through April
02:00 PM Calaveras High School Drama will be Presenting "Cinderella" April 26-29
03:00 PM Celebrate Spring Aboard Railtown 1897’s Popular & Fun Wildflower Train
All Day Murphys "Classic Car Night"
Monday, Apr 30
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06:00 PM Community Town Hall Meeting on Planned Development in Arnold
Wednesday, May 2
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Posted by: News_Desk on 11/02/2016 12:49 PM Updated by: News_Desk on 11/02/2016 01:22 PM
Expires: 01/01/2021 12:00 AM
:

Fed Signals Possible December Rate Hike

Washington, DC...Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent months, job gains have been solid.

fedseal


Household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased somewhat since earlier this year but is still below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation have moved up but remain low; most survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market conditions will strengthen somewhat further. Inflation is expected to rise to 2 percent over the medium term as the transitory effects of past declines in energy and import prices dissipate and the labor market strengthens further. Near-term risks to the economic outlook appear roughly balanced. The Committee continues to closely monitor inflation indicators and global economic and financial developments.

Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The Committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. In light of the current shortfall of inflation from 2 percent, the Committee will carefully monitor actual and expected progress toward its inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Jerome H. Powell; Eric Rosengren; and Daniel K. Tarullo. Voting against the action were: Esther L. George and Loretta J. Mester, each of whom preferred at this meeting to raise the target range for the federal funds rate to 1/2 to 3/4 percent.




Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
rate increase
Posted on: 2016-11-02 17:58:42   By: Anonymous
 
will send your bank stocks up
& everything else down

[Reply ]

    Re: rate increase
    Posted on: 2016-11-02 23:22:59   By: Anonymous
     
    It's also a budget buster for government agencies in debt up to their eyeballs. Like the feds.

    Here my bet: a Dec raise will be a function of who wins in November.
    A D will get a pass and an R will get a poke in the eye.

    Either way, Giant Felon is going to screw us before she is done.

    [Reply ]

No Subject
Posted on: 2016-11-03 08:50:16   By: Anonymous
 
It matters not. With a $20 trillion debt and $200-300 trillion in unfunded liabilities it's just a matter of time until America goes breasts up.

[Reply ]

    Re:
    Posted on: 2016-11-03 10:28:45   By: Anonymous
     
    Yep. The only way to decrease the debt is to give a giant tax cut to the very rich. Then the magic will kick in and by collecting less in taxes but having the rich people really happy, the government can pay down the debt.

    At least that's how I understand the plan from Mr. Trump.

    [Reply ]

      Re:
      Posted on: 2016-11-03 12:14:33   By: Anonymous
       
      If he can get companies to repatriate their overseas cash horde it might all just work. Sprinkle $2.5 Trillion over the economy to prime the pump and see what happens

      [Reply ]


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