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Topics discussed in this quarter’s commentary are:
The third quarter commentary offers a more in-depth discussion about the economy and investment in general. Our full report can be accessed here.
FOMC Discussion The Committee held the target range steady at 3-3/4 to 4 percent, six weeks after removing a dose of accommodation in September. The discussion over the two-day meeting focused mainly on the price-stability side of the mandate. The Committee also...
The Federal Open Market Committee approved the following statement for release by a 12 – 0 10 – 2 vote: The Committee decided to raisemaintain the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal...
FOMC Discussion At the July meeting, a good majority of the FOMC judged that waiting seven weeks was a worthwhile investment, buying time to make a wise decision. Three developments during the intermeeting period led to a firm, unanimous decision to raise rates:...
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate....
Chairman Warsh's first Jackson Hole keynote titled “In Our Time”, marking his 100th day. This note separates his points already on the public record (from his June 17 and July 29 FOMC press conferences and prior Congressional testimonies) from what the speech newly...