Interest Rates

The FOMC chose not to raise the Fed funds rate at June’s meeting, but updated projections signal additional policy firming ahead.

At the meeting held May 2nd and 3rd, FOMC members voted to raise the Fed funds rate for the 10th time since the pandemic.

Both FOMC members and market pundits indicate that the Fed may be nearing the end of the current tightening cycle.

FOMC members voted to increase the Fed Funds Rate target once again, as turmoil in the banking sector continues.

The FOMC held its first meeting of 2023 on January 31 and February 1. At the meeting, committee members slowed rate increases.

The economy and business outlook changed dramatically in 2022. This year, many of those challenges are expected to continue.

At this week’s meeting, the FOMC once again raised interest rates and updated their projections for the future of the economy. This continues the committee’s aggressive work toward combatting inflation by raising rates and unwinding the quantitative easing program implemented during the COVID-19 pandemic. The FOMC Raised Rates at December’s Meeting The FOMC raised the… Read more »

At November’s meeting, the FOMC met to discuss interest rates as rising prices continue to plague consumers.

The September FOMC meeting resulted in another significant rate increase, and the board released updated economic projections.

The Fed’s actions help shape the credit markets, including influencing the rates that real estate investors pay for mortgages.