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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. With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months but continue to be affected by COVID-19. Job gains have been solid in recent months, and the unemployment rate has declined substantially. Supply and demand imbalances related to the pandemic and the reopening of the ... (full story)
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Fed Will Trim Monthly Treasury Purchase Rate By $20B, Mortgage-Backed Securities Purchases By $10B
— WallStreetBets & Co. (@WSBConsensus) December 15, 2021
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FED KEEPS ITS BENCHMARK OVERNIGHT INTEREST RATE AT 0-0.25%, STATING THAT IT IS COMMITTED TO EMPLOYING THE FULL RANGE OF INSTRUMENTS AVAILABLE TO HELP THE US ECONOMY.
— Breaking Market News (@financialjuice) December 15, 2021
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FOMC: Fed Ceases Referring to Inflation Spike As Transitory
— AceMarketU.com (@AceMarketU) December 15, 2021
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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 policymaking meeting on Nov. 3. Text removed from the November 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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