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Federal Reserve issues FOMC statement
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened. The sectors most adversely affected by the pandemic remain weak but have shown improvement. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to ... (full story)
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*Fed Raises Interest On Excess Reserves Rate to 0.15% From 0.10%
— *Walter Bloomberg (@DeItaone) June 16, 2021
*Fed Extends Dollar Liquidity Swap Lines Until Dec. 31, 2021
*Fed Raises Reverse Repo Rate From 0.05% From 0%
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on April 28. Text removed from the April statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. image
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FOMC: Fed Will Continue Bond Buying Until Substantial Further Progress On Goals
— AceMarketU.com (@AceMarketU) June 16, 2021