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    FOMC Statement 12-16-08

    Release Date: December 16, 2008 The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined.  Financial markets remain

    |December 16, 2008|2 min read|
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    FOMC Statement 10/29/08

    Release Date: October 29, 2008 The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent. The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures. Business equipment spending and industrial production have weakened in recent

    |October 29, 2008|1 min read|
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    Fed Statement 10/8/08

    Joint Statement by Central Banks Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets. Inflationary pressures have started to moderate in a number of countries, partly reflecting a marked decline in energy

    |October 8, 2008|2 min read|
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    FOMC Statement 9/16/08

    Release Date: September 16, 2008 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently, partly reflecting a softening of household spending. Tight credit conditions, the

    |September 16, 2008|1 min read|
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    Could an Interest Rate Cut be on the Horizon?

    Surprised by the headline? You should be. Very few people are giving it any consideration, but I believe with a near certainty that if we break through 1200 on the S&P we’ll get one, maybe even later this month when Benny and his gang of board governors meet again. How do I know this? I

    |September 13, 2008|2 min read|
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    FOMC Statement

    Press Release Release Date: August 5, 2008 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain under considerable stress. Tight

    |August 5, 2008|1 min read|