Weather
The Pine Tree, News for Calaveras County and Beyond Weather
Amador Angels Camp Arnold Bear Valley Copperopolis Murphys San Andreas Valley Springs Moke Hill/West Point Tuolumne
News
Business Directory
Weather & Roads
Sports
Real Estate
Search
Weekly & Grocery Ads
Entertainment
Life & Style
Government
Law Enforcement
Business
Wine News
Health & Fitness
Home & Garden
Food & Dining
Religion & Faith
Frogtown USA
Legal Notices
Calendar
Polls
Columns
Free Classifieds
Letters to the Editor
Obituaries
About Us

Coming Soon...
Thursday, Mar 23
01:00 PM Guided Tours of the 'Medicine in the Gold Rush' Exhibit
04:00 PM Anderson Valley Pint Night At Alchemy
05:00 PM Start Smart Safety Class
All Day Overeaters Anonymous
All Day The Mousetrap
Friday, Mar 24
07:30 AM "The Mouse Trap," An Agatha Christie Murder Mystery
10:00 AM Independence Hall Needs Your Stuff! Accepting Donations Every Saturday!!
05:00 PM Zucca After Hours
05:30 PM Friday Jazz At Alchemy
06:00 PM Live Music At Camp Connell General Store
All Day Overeaters Anonymous
All Day The Mousetrap
Saturday, Mar 25
10:00 AM Age Well, Drive Smart Workshop
10:00 AM Calaveras Gem and Mineral Society Show 2017
10:00 AM Murphys Historic Walking Tour Every Saturday At 10am
11:30 AM Ruby Parlor Presents, "Fashion, Friends & Fun."
01:00 PM Big Trees North Grove Guided Tours Saturdays At 1pm
03:00 PM Calaveras County Arts Council Is Proud To Present The Diablo Ballet
05:00 PM Zucca After Hours
05:30 PM 20th Annual TRIVIA BEE! ~ Saturday, March 25th
All Day Overeaters Anonymous
06:30 PM Skeleton Crew VS NorCal Vigilantes
07:00 PM LIVE MUSIC at the Bistro Espresso
All Day The Mousetrap
Sunday, Mar 26
02:00 PM "The Mouse Trap," An Agatha Christie Murder Mystery
All Day Overeaters Anonymous
All Day The Mousetrap
Monday, Mar 27
10:45 AM Sierra Grief Support Groups
All Day Overeaters Anonymous
All Day The Mousetrap
Tuesday, Mar 28
06:00 AM Press Release Work Shop With Mike Taylor ~ March 28th, 2017
10:00 AM Marisolio Tasting Bar
All Day Overeaters Anonymous
All Day The Mousetrap
Wednesday, Mar 29
All Day Overeaters Anonymous
All Day The Mousetrap
Thursday, Mar 30
01:00 PM Guided Tours of the 'Medicine in the Gold Rush' Exhibit
All Day Overeaters Anonymous
All Day The Mousetrap
Friday, Mar 31
10:00 AM Independence Hall Needs Your Stuff! Accepting Donations Every Saturday!!
05:00 PM Zucca After Hours
05:30 PM Friday Jazz At Alchemy
All Day Overeaters Anonymous
All Day The Mousetrap
07:30 PM "The Mouse Trap," An Agatha Christie Murder Mystery
Saturday, Apr 1
10:00 AM Murphys Historic Walking Tour Every Saturday At 10am
01:00 PM Big Trees North Grove Guided Tours Saturdays At 1pm
05:00 PM Zucca After Hours
05:30 PM Calaveras County Deputy Sheriffs Association Annual Dinner-Dance
All Day Overeaters Anonymous
Until 09:30 PM The Mousetrap
Sunday, Apr 2
08:00 AM 70th Annual La Grange Rodeo Sunday April 2, 2017
12:00 PM Mountain Ranch Chili Cook Off
12:00 PM 5th Annual Chili Cook Off in the Park
All Day Overeaters Anonymous
Monday, Apr 3
10:45 AM Sierra Grief Support Groups
All Day Overeaters Anonymous
Tuesday, Apr 4
All Day Overeaters Anonymous
Wednesday, Apr 5
06:00 PM Luminary Ceremony For National Crime Victims’ Rights Week
All Day Overeaters Anonymous

Search Announcements




Log In
Username

Password

Remember Me



Posted by: thepinetree on 03/15/2017 09:45 PM Updated by: thepinetree on 03/15/2017 09:45 PM
Expires: 01/01/2022 12:00 AM
:

Fed Pushes Rate Up Another Quarter Point As Economy Strengthens

Washington, DC...Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate was little changed in recent months. Household spending has continued to rise moderately while business fixed investment appears to have firmed somewhat. Inflation has increased in recent quarters, moving close to the Committee's 2 percent longer-run objective; excluding energy and food prices, inflation was little changed and continued to run somewhat below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.





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, labor market conditions will strengthen somewhat further, and inflation will stabilize around 2 percent over the medium term. 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 3/4 to 1 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained 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. The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant 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; Charles L. Evans; Stanley Fischer; Patrick Harker; Robert S. Kaplan; Jerome H. Powell; and Daniel K. Tarullo. Voting against the action was Neel Kashkari, who preferred at this meeting to maintain the existing target range for the federal funds rate.

Implementation Note issued March 15, 2017



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
What????
Posted on: 2017-03-15 23:07:58   By: Anonymous
 
Oh my God, will this recovery never end? What will liberals have to bitch about...the Donald's taxes, unsubstantiated Russian hacking of the Election, the recovery of Obamacare. Quick, put Rachel Maddow on he job, we need another good laugh.

[Reply ]

    Re: What????
    Posted on: 2017-03-16 13:15:18   By: Anonymous
     
    Ever happened to the time Senor Wences got caught with that Kilo of Peruvian cocaine in his glove box?
    It's funny how Senor Wences just sort of disappeared from the spotlight, like he fell-off the edge of the Earth, or something.

    [Reply ]

    Re: What????
    Posted on: 2017-03-16 14:25:26   By: Anonymous
     
    You (and we) are very lucky that we had adults managing our government when the Great Recession was at its worst. Obama and Yellen deserve a lot of credit for both the actual recovery and for remaining calm and giving confidence to the US and the world at large. Well done by both of them.

    And we can all thank God that we didn't have the unstable, ignorant and emotional toddler Trump in charge of anything important during that period.

    [Reply ]

      Re: What????
      Posted on: 2017-03-16 20:44:33   By: Anonymous
       
      I guess that darned ol' recovery should have popped up its head sometimes in the last eight years, instead of waiting for old Thrumpenheimer to rattle its cage! C'mon Maddow, show us how Trumps tax returns were causing the economy to stay stagnamt for Omahama mama's tenure! Maybe a contingent of Ruskie spies were holding it hostage, their very sneaky you know, and very well hidden.

      [Reply ]

Price stability
Posted on: 2017-03-17 06:28:01   By: Anonymous
 
What a joke, price stability? Inflation is in run-away mode. When will these deniers start telling the truth? Government employment keeps ratcheting up salaries to compete with surrounding government's pay scales.
Calaveras County is a prime example of employment artificial hiring practices.

PAY UP, SUCKERS!

[Reply ]


What's Related
These might interest you as well
Local News

Calendar

phpws Business Directory

Photo Albums


Mark Twain Medical Center
Meadowmont Pharmacy
Century 21 Sierra Properties
Bear Valley Real Estate
Bear Valley Cross Country
Cedar Creek Realty
Middleton's Furniture
Cave, Mine & Zip Lines
Bistro Espresso
Pinnacle Physical Therapy
Chatom Winery
Bear Valley Mountain Resort
Paul D. Bertini Premier Properties

Ebbetts Pass Scenic Byway
Sierra Logging Museum
Calaveras Mentoriing Jenny's Kitchen


Copyright © The Pine Tree 2005-2017