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Posted by: thepinetree on 12/14/2016 11:23 AM Updated by: thepinetree on 12/14/2016 11:23 AM
Expires: 01/01/2021 12:00 AM
:

The FED Bumps Up Interest Rate & Hints Of More To Come

Washington, DC...Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year. Job gains have been solid in recent months and the unemployment rate has declined. Household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased 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 considerably but still are low; most survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.

Janet_Yellen_official_Federal_Reserve_portrait



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.

In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1/2 to 3/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening 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; Esther L. George; Loretta J. Mester; Jerome H. Powell; Eric Rosengren; and Daniel K. Tarullo.


Comments - Make a comment
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No Subject
Posted on: 2016-12-14 12:08:43   By: Anonymous
 
As I previously predicted, if Trump won, bird brain would try to raise rates.

Pushing string....

[Reply ]

    Re:
    Posted on: 2016-12-14 12:52:50   By: Anonymous
     
    WOW when is the Earth going to end , Old Mighty One ?

    [Reply ]

    Re:
    Posted on: 2016-12-14 12:53:02   By: Anonymous
     
    Obama is still president moron

    [Reply ]

    Re:
    Posted on: 2016-12-15 06:44:09   By: Anonymous
     
    Maybe instead of pushing strings, you should pull the string out and put in a new one. Haven't you heard of toxic shock syndrome?
    Happy Holidays

    [Reply ]

No Subject
Posted on: 2016-12-14 13:35:11   By: Anonymous
 
Get ready to make America..... a little better for 1% of the people.

[Reply ]

    Re:
    Posted on: 2016-12-14 17:39:05   By: Anonymous
     
    A lot better for the 1%
    A lot worse for the rest of us
    Hope you want to work until your 80, because that is what Trump needs you to do to make America great again
    another attack on the working class
    Unfortunatly the people of this county want to protect their 2nd Amendment rights so fiercely the don't see anything else

    [Reply ]

      Re:
      Posted on: 2016-12-14 23:09:16   By: Anonymous
       
      Well most Americans are idiots.

      [Reply ]

Gay tie.
Posted on: 2016-12-14 15:42:48   By: Anonymous
 
Gay tie.

[Reply ]

    Re: Gay tie.
    Posted on: 2016-12-15 07:08:45   By: Anonymous
     
    gay scarf

    [Reply ]

      Re: Gay tie.
      Posted on: 2016-12-15 21:16:21   By: Anonymous
       
      Indeed.

      [Reply ]

No Subject
Posted on: 2016-12-15 16:10:55   By: Anonymous
 
Janet Yellen is clearly a very smart economist. But, dear Lord, she is the most boring speaker I've ever heard. I suppose she has to be very careful exactly what she says, but she could still show a little voice inflection and life.

On the other hand, she also clearly has the patience of Job as she answers one inane or repetitive question after another. Whether its news reporters or members on Congress, she rarely has a questioner who knows as much about economics as she does. But she plays it straight; not many could do that, I think.

Overall grade: B+

[Reply ]

    US VRS Europe
    Posted on: 2016-12-15 17:17:17   By: Anonymous
     
    While the US is increasing interest rates, Europe is using negative rates, which indicates an unhealthy economy.
    The FED use of QE is credited with the recovery. The banksters tanked the world's economy, luckily the Fed had some tools , with printing presses whirring away the US along with trusted T-bills kept the wolves away.

    If Trump does cut taxes, a typical Republican misguided fraud, supply side economics had been discredited, we will have a policy caused recession as we saw with Reagan, Hw, and W Bush.

    The wealthy and profit soaked corporations don't need tax cuts, yet the Republicans, will once again pursue this fraud. Only when the middle class has more $ in their pockets is there any stimulas in the economy, not from the top down.
    When the 1% gets a tax cut, they squirrel it away, not spend it.
    The big lie is tax cuts causes investments, invest all you want, only spendable income causes demand and improves the economy.

    [Reply ]


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