Our smart friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. The following is an official press release from the Fed regarding its decision today and a translation (for the rest of us) from our Chief Quizzologist.
Posts Tagged ‘fed statement’
Fed: Recovery Slow, Short-Term Rates to Remain Low
August 10, 2010Fed Leaves Key Rate Unchanged, Says Economic Recovery Hurt by Problems Overseas
June 23, 2010Our super smart friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. The following is an official press release from the Fed regarding its decision today and a translation (for the rest of us) from our Chief Quizzologist.
Fed Makes Good on Promise to Keep Rates Low for “Extended Period”
January 27, 2010Our smart friends at the Federal Open Market Committee (FOMC) announced today that they will again hold its Fed funds rate at the 0 percent to 0.25 percent range. (What the heck is the Fed funds rate and why should I care?) While the decision to hold rates at current levels was expected, the dissenting [...]
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
Fed Leaves Key Rate Unchanged, Appears Optimistic
August 12, 2009The Federal Reserve (Fed) decided today to leave its fed funds rate at the 0% to 0.25% range. According to Quicken Loans Chief Economist Bob Walters, the decision to hold the rate was widely expected by financial experts. “The Fed’s decision to maintain its Fed Funds rate at essentially zero is not a surprise,” said [...]
Federal Reserve Talks, Mortgage Rates Drop
March 19, 2009Fed decided to keep targeting the Fed funds between 0-.25%. In bigger news, they announced they would spend another $1.2 trillion buying mortgage-backed securities and other debts from Fannie Mae.
Fed Targets Rate Near 0%; FOMC Statement Translated
December 17, 2008The 10 brilliant minds who make up the Federal Reserve met yesterday to once again discuss the state of the economy and determine the action needed by them to aid a struggling American economy. The Fed funds rate is one way the Fed uses to regulate the supply of money to the US Economy. In [...]
Fed Lowers Fed Funds Rate to Historically Low 1%
October 31, 2008The 10 brilliant minds who make up the Federal Reserve met yesterday to once again discuss the state of the economy and determine the action needed by them to aid a struggling American economy. In an aggressive move, they lowered another 1/2 percent, resulting in a historically low 1% Fed funds rate. The Fed funds [...]
Fed Holds Rate at 2%; Fed Statement Translated
September 17, 2008he 10 brilliant minds who make up the Federal Reserve met yesterday to once again discuss the state of the economy and determine the action needed by them to aid a struggling American economy. For the 2nd time in a row, they chose to keep the Fed funds rate steady at 2%. The following is [...]
What Does the Fed Decision Mean?
June 25, 2008The Federal Open Market Committee (FOMC) announced today that it is holding the Fed funds rate steady at 2%. But what does that mean for consumers? Quicken Loans Chief Economist breaks it down for us, translating each line of econo-talk to everyday lingo… Federal Reserve Press Release – Release Date: June 25, 2008 For immediate [...]
Fed Lowers Key Rate by 1/4% to 2%; What’s the Fed Really Saying?
April 30, 2008The following is an official press release from the Federal Reserve (Fed) regarding its decision today, and a translation (for the rest of us) of all the financial jargon by Bob Walters, Chief Economist for Quicken Loans: — FEDERAL RESERVE press release Release Date: April 30, 2008 Fed: For immediate release Bob: Now Fed: The Federal [...]
