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
Business Directory
Weather & Roads
Real Estate
Weekly & Grocery Ads
Life & Style
Law Enforcement
Wine News
Health & Fitness
Home & Garden
Food & Dining
Religion & Faith
Frogtown USA
Legal Notices
Free Classifieds
Letters to the Editor
About Us

Coming Soon...
Saturday, Aug 19
All Day 2nd Annual Red Dirt & Gold Dust Music Fest returns to the Mother Lode Five national bands to be show
All Day The Ebbetts Pass Moose Lodge Car Show and Chili Cook Off is August 19th
10:00 AM Calaveras Big Trees Association's "A Day in the Park" is August 19th
04:00 PM The Annual Rotary Shrimp & Pasta Feed is August 19th
06:00 PM “Flight Night” at Tanner Vineyards Saturdays, June 24 – September 2
06:30 PM GABA Concert Series Live Music In Arnold
Sunday, Aug 20
All Day Make Plans To Play In The 2017 Sequoia Woods Men's Club Benefit Golf Tournament
10:00 AM The Farmers Market At The Square is Back Every Sunday Till October
01:00 PM 2017 Annual Charity Classic Golf Tournament Sponsored by Sequoia Woods Country Club Men's and Wo
Tuesday, Aug 22
10:00 AM Marisolio Tasting Bar - Gluten Free & Fancy Free
12:00 PM Build your Wordpress Website
04:30 PM Freedom From Smoking Class Begins in July
Wednesday, Aug 23
All Day Overeaters Anonymous meeting
Thursday, Aug 24
10:00 AM Summertime Tours
10:00 AM Summertime Tours At Angels Camp Museum
05:00 PM Murphys "Classic Car Night"
Friday, Aug 25
07:00 PM Music At Bistro Espresso
Saturday, Aug 26
04:00 PM Hoedown for Habitat
06:00 PM “Flight Night” at Tanner Vineyards Saturdays, June 24 – September 2
Sunday, Aug 27
04:30 AM Advance Your Photography
10:00 AM The Farmers Market At The Square is Back Every Sunday Till October
Tuesday, Aug 29
06:30 PM CHP San Andreas Hosts Teen Driving Class
Wednesday, Aug 30
All Day Overeaters Anonymous meeting
Thursday, Aug 31
10:00 AM Summertime Tours
10:00 AM Summertime Tours At Angels Camp Museum
Friday, Sep 1
07:00 PM Don't Miss The "First Fridays" Dinner Show With Jill Warren At Sequoia Woods
07:00 PM Music At Bistro Espresso

Search Announcements

Log In


Remember Me

Posted by: thepinetree on 06/14/2017 11:35 AM Updated by: thepinetree on 06/14/2017 11:35 AM
Expires: 01/01/2022 12:00 AM

Federal Reserve Moves Forward With Rate Increase

Washington, DC...Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have moderated but have been solid, on average, since the beginning of the year, and the unemployment rate has declined. Household spending has picked up in recent months, and business fixed investment has continued to expand. On a 12-month basis, inflation has declined recently and, like the measure excluding food and energy prices, is running 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 continues to expect 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 on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee's 2 percent objective over the medium term. Near term risks to the economic outlook appear roughly balanced, but the Committee is monitoring inflation developments closely.

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 to 1-1/4 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. The Committee currently expects to begin implementing a balance sheet normalization program this year, provided that the economy evolves broadly as anticipated. This program, which would gradually reduce the Federal Reserve's securities holdings by decreasing reinvestment of principal payments from those securities, is described in the accompanying addendum to the Committee's Policy Normalization Principles and Plans.

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; and Jerome H. Powell. 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 June 14, 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
Gay scarf.
Posted on: 2017-06-14 12:19:17   By: Anonymous

[Reply ]

    Re: Gay scarf.
    Posted on: 2017-06-15 07:04:15   By: Anonymous
    She's hiding the wrinkle neck

    [Reply ]

      Re: Gay scarf.
      Posted on: 2017-06-15 19:37:57   By: Anonymous
      That's foreskin.

      [Reply ]

No Subject
Posted on: 2017-06-14 13:10:26   By: Anonymous
Great! So Giant Felon just devalued our money again. Great!

Now the grubberment will order up more dollars printed to pay the increased interest on the money that they spent, but did not directly steal
from us.

[Reply ]

    Posted on: 2017-06-14 13:39:27   By: Anonymous

    [Reply ]

    Posted on: 2017-06-15 05:36:39   By: Anonymous
    She needs a pearl necklace.

    [Reply ]

      Posted on: 2017-06-15 07:03:22   By: Anonymous
      She needs a golden penis foe a necklace charm

      [Reply ]

No Subject
Posted on: 2017-06-14 14:51:56   By: Anonymous
It's the natural cycle with an improved economic picture. Struggling economy; lower rates. (Relatively) robust economy; higher rates. You can't have it both ways unless you can stomach more extreme situations in both scenarios.

[Reply ]

    Posted on: 2017-06-14 17:29:33   By: Anonymous

    [Reply ]

    Posted on: 2017-06-14 17:37:06   By: Anonymous
    Wow, you must have a grubberment issue stooped implant.

    The British had almost 600 years of zero inflation.

    They did it without printing funny money and the crown lived within its means.

    [Reply ]

      Posted on: 2017-06-15 16:03:25   By: Anonymous
      Couldn't have had anything to do with Britain's Imperialist colonial enslavement and raping of other countries resources.

      [Reply ]

No Subject
Posted on: 2017-06-15 07:34:38   By: Anonymous
Whats her name Pinetree?

[Reply ]

    Posted on: 2017-06-15 07:46:38   By: Anonymous
    She's hot and I'm horny

    [Reply ]

No Subject
Posted on: 2017-06-15 07:49:28   By: Anonymous
WOW! Michelle Obama bleached herself'.

[Reply ]

No Subject
Posted on: 2017-06-17 01:10:48   By: Anonymous
Look closely at the face. That's the face of the next group of money managers that will attempt to bankrupt the country and come out with millions of dollars paid to them by corrupt government, just like what happened a few years ago. Riches bestowed on them and no, NO JAIL TIME!

[Reply ]

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


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
Cave, Mine & Zip Lines
Fox Security
Bistro Espresso
Pinnacle Physical Therapy
Chatom Winery
Middleton's Furniture
Bear Valley Mountain Resort
Paul D. Bertini
Premier Properties
High Country Spa & Stove

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

Copyright © The Pine Tree 2005-2017