“Information received since the Federal Open Market Committee met in October indicates that economic activity is expanding at a moderate pace. Labor market conditions have shown further improvement; the unemployment rate has declined but remains elevated. Household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months.… Continue Reading
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Search Results for: FOMC
Federal Reserve issues FOMC statement
News release: “Information received since the Federal Open Market Committee met in July suggests that economic activity has been expanding at a moderate pace. Some indicators of labor market conditions have shown further improvement in recent months, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has… Continue Reading
Federal Reserve issues FOMC statement
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting: “Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate… Continue Reading
Federal Reserve issues FOMC statement
News release: “Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown some improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened… Continue Reading
Federal Reserve Board and Federal Open Market Committee release economic projections from March 2013 FOMC meeting
“Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last year. Labor market conditions have shown signs of improvement in recent months but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further,… Continue Reading
What is the FOMC and when does it meet?
Current FAQ: “The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. The FOMC is composed of 12 members–the seven members of the Board of Governors and five of the 12 Reserve Bank presidents. The Chairman of the Board of Governors serves as the Chairman of the FOMC; the… Continue Reading
Federal Reserve Board and FOMC release table summarizing economic projections
“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table summarizing the economic projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the April 26-27 meeting of the Committee. The table will be incorporated into a summary of economic projections released on May 18 with… Continue Reading
Federal Reserve communications
Jeremy Singer-Vine, Data is Plural: Agam Shah et al. have compiled a corpus of key communications by the US Federal Reserve’s Federal Open Market Committee, which “controls the three tools of monetary policy — open market operations, the discount rate, and reserve requirements.” Gathered from the Fed’s website, the corpus includes all meeting minutes and… Continue Reading
Can ChatGPT Decipher Fedspeak?
Hansen, Anne Lundgaard and Kazinnik, Sophia, Can ChatGPT Decipher Fedspeak? (March 24, 2023). Available at SSRN: https://ssrn.com/abstract=4399406 or http://dx.doi.org/10.2139/ssrn.4399406 – Yes! This paper investigates the ability of Generative Pre-training Transformer (GPT) models to decipher Fedspeak, a term used to describe the technical language used by the Federal Reserve to communicate on monetary policy decisions. We… Continue Reading
Women’s Firsts in FRASER
Federal Reserve Bank of St. Louis – “FRASER has long celebrated the contributions of women in the economy and their participation in our nation’s economic growth. This past year, FRASER commemorated the Women’s Bureau Centennial, and in previous years topics have included the history of women’s economic rights, the early years of the Women’s Bureau, working women of the Women’s Bureau, and the women of the Federal Reserve.… Continue Reading
CRS – What Causes a Recession?
What Causes a Recession? February 2, 2018 IN10853 “At 104 months, the current economic expansion is already the third longest on record, and it will equal the second longest if it persists until April. This expansion, like all previous ones, will eventually end and be followed by a recession. Few economists are forecasting a recession… Continue Reading
Minutes of the Federal Open Market Committee, July 26-27, 2016
Minutes of the Federal Open Market Committee – Long-Run Monetary Policy Implementation Framework – “The staff provided several briefings that reviewed progress on a long-term effort begun in July 2015 to evaluate potential long-run frameworks for monetary policy implementation. The briefings highlighted some foundational considerations that are relevant for such an evaluation. The staff described… Continue Reading
