17 Burst results for "Federal Open Market Committee"
"federal open market committee" Discussed on KOA 850 AM
"Patter on the best three day run since April, Huh? Yeah, for the financial markets, And it comes despite the uncertainty of a presidential election that hasn't been decided yet, and a contested election was once an area that had been dragging the market's down earlier. Well, something else happened in the election. Republicans appear to have held the Senate Democrats still control the house and as much as we pay attention to the presidential election, what happens in Congress might be more important for the markets. Gridlock in Congress tends to be beneficial to the stock markets. If you look back dating back to the 19 fifties, a divided Congress is the best thing for stocks. It tends to be up. About 17% in a given year when Congress is divided. It's about 13% when controlled by Republicans, 10.5% when controlled by Democrats, NBC's Rebecca Jarvis says Wall Street is betting there will be some kind of covert 19 stimulus package coming soon now that the makeup of Congress appears to be set for the next two years. At yesterday's closing Bell, the Dow Jones industrial average on 368 points and NASDAQ was up 430. The S and P. 500 Rose 74 stock futures point to similar gains to get today's trading started. Weekly jobless claims were out later this morning. Analysts expect to see a slight decline in new claims claims for unemployment benefits they expect to see 745,000 Americans filing first time claims last week. Federal Reserve policymakers are expected to signal a wait and see approach at the conclusion of a two day meeting today. That means don't look for any change in record low interest rates. Most economists expect the Federal Open Market Committee will stand pat when announces its decision at noon. Analysts say that that is likely to put off any policy moves, given the lack of inflation and with the economy just having set a single quarter record for growth. The world's richest man apparently need some walking around money, so he's converting some of the stock to pocket change. Amazon's Jeff Bezos sold shares worth $3 billion this week, his third sale this year. This year, Bezos has sold off more than $10 billion worth of Amazon stock. He still has 53 million shares their value that close to $170 billion Next money update Coming up at 5 42 Pat watered. Keohane.
"federal open market committee" Discussed on KCRW
"Marketplaces Nancy Marshall Gangsters in Washington. What is on the plate? Well, this is a meeting of the Federal Open Market Committee. It sets interest rates, but it's not expected to change rates. At this meeting at the press conference, Powell will probably talk a little more about the Fed's new policy framework. Part of that involves aiming for an average of 2% inflation, the feds says, and let inflation get it. But over 2% if it's been lower than that, for a while, No. This is supposed to help narrow the gap between rich and poor. How it's all about Jobs David. The thinking at the Fed used to be. Don't let unemployment get too low because that'll fuel inflation is workers demand higher wages. But Greg McBride bankrate dot coms chief financial analyst told me that didn't happen last year, even when black and Hispanic jobless rates hit record lows. Unemployment really is, you know, kind of the tide that lifts all boats, as it comes down is the idea that you know that can also mean that the economic recovery is Mohr inclusionary that it reaches more people. I see And we'll be looking tomorrow for hints from the Fed as to where things were going as pandemic summer turns into fall. Yeah, the Fed releases economic projections for inflation, interest rates, unemployment and economic growth. The Fed will update its last projections, which turned out to be too pessimistic on unemployment. Nancy. Thank you. US factory Production rose just 4/10 of 1% last month. It's down nearly 7% year on year given pandemic. Stock market, The Dow is up 156 point 6/10 of a percent. The SNP is up 8/10 percent, the NASDAQ Let's hear is up 1.1%. The biggest of banks is learning its people aren't as productive working from home, especially younger staffers, especially on Mondays and Fridays. Bloomberg News was privy to an outside analysis done for JPMorgan Chase. That bank is having traders and sales people return to the office starting on Monday..
"federal open market committee" Discussed on KQED Radio
"A practical matter. We're limited by our mandate. We can only do things that support our mandate. But we weaken waken provided liquidity is needed. The Fed offered trillions of dollars to state and local governments and businesses this spring. The intervention was so huge that most of the loans weren't needed. Just the fact that we were there and willing to make those loans has meant that the capital markets in the lending resumed on its own because we were there is a back stuff. The chairman is 67 years old. He's a lawyer, former Treasury Department official former private equity executive And in a chaotic time he has been the face of stability. Good morning, everyone since early March, his regular press conferences earlier today, the Federal Open Market Committee announced one half percentage point reduction have announced regular moves to prop up the economy. You have cut rates to zero. You're buying on huge quantities of government debt. I guess the question is, what more can you realistically do? Tell me. Um, So let me say that we're committed to using our full range of tools. The sense intervention was arguably more significant than the trillions committed by Congress. As we talked on Friday, Powell was thinking ahead to whenever the pandemic might be over. He gave a speech last month announcing a different approach to inflation and to employment. The two huge economic indicators that the Fed is supposed to manage. If inflation gets a little high. If employment gets a little high, you're going to be less quick to stamp on it is that is that a fair summary? Yes, it is. In fact, what we've learned is that unemployment can be even lower than we thought. And not result in troubling levels of inflation. So we saw that for the last couple of years before the pandemic arrived, we had 3.5% unemployment, which was sort of the lowest period of sustained unemployment in 50 years. And we didn't see inflation. Result. Now, if you go back 50 years, inflation would have reacted very strongly to low levels of unemployment. So we saw that it didn't Where did inflation go? Why is it going away? So Low and declining inflation has been a phenomenon really around the world for the last few decades, and it comes from a from a couple of factors. One just is that With globalization, things can be made anywhere, And that means it's difficult to raise wages or prices. So if you.
"federal open market committee" Discussed on Cattle Current Market Update with Wes Ishmael
"Corn futures closed mostly wanted two lower other than fractionally higher two cents higher in the front four contracts, soybean futures closed mostly two cents lower. I had results from just a couple of weekly Wednesday offense to report press time. Fierce, fierce traded one eighty dollars higher at okay. See West Arena. Oklahoma, feeder heffer soul fully steady. Lower undertones noted for cavs. The previous day there were eighty, four, hundred, forty nine hit on offer across both days. And at winterless, talking dawgs city fear steers more than eight hundred pounds sold steady at three dollars higher wall, fear heifers Wayne, more than seven hundred and fifty pounds sold steady, two dollars, lower, Thir-, sixteen, hundred and fifty eight head on offer. Major US analysis closed mixed Wednesday with tech stocks and join the most support overall pressure likely stemmed from the Federal Open Market Committee projections that reaffirmed the lengthy economic recovery ahead. The FOMC projects, the median real GDP at a negative six point five for this year five point zero and twenty, twenty, one and three point five and twenty twenty two. Medium PC inflation is projected zero point eight this year, one point, six year, and one point seven and twenty twenty two. According to FOMC statement, the ongoing public health crisis will weigh heavily on economic activity, employment and inflation in the near term and poses considerable risks to the economic outlook over the medium-term. In light of these developments, the committee decided to maintain the target range for the federal funds rate at zero to zero point two five percent, the committee expects to maintain this target range until it's confident that the economy is whether recent events and is on track to achieve its maximum employment and price stability goals. The Dow! Jones Industrial Average close two hundred ninety two points lower, the S. and p. five hundred closed seventeen points lower, but the Nasdaq was up sixty six points. Current proposals to increase the number of cattle transacted through a particular channel.
"federal open market committee" Discussed on KOMO
"As the federal open market committee is meeting this week Bankrate dot coms senior economic analyst mark camera is watching all the action and spoke with almost Tom Hudler puts the fed they're hoping that that rate cut will do well obviously the main thing here is to put a bit of insurance in place to keep the economy all relatively solid footing so we do expect that the fed will reduce interest rates by one quarter of one percent and will likely acknowledge what it calls uncertainties about the outlook as it did in the most recent statement that released and we'll talk about the fact that the central bank will act as appropriate to sustain economic expansion which as you know turned eleven years old this summer as consumer debt keeps growing what role these lower interest rates play and how long do people have to take advantage of that yes Tom divert very good question that really is the permanent point for all of us but I think all of our readers a Bankrate dot com and obviously reduce interest rates generally have the impact of making borrowing a less expensive and so that the filters on through more immediately to things like go. home equity lines of credit auto loans but it also makes it more difficult for savings rates and so middle I've often said that savers were the forgotten casualties of low interest rate environment that we've been dealing with basically for a decade now but even though rates are low for savers it really does pay to shop around and in some cases if you do sufficient shopping around you may find a savings rate that is literally twenty times more generous verses while you might find had you not look so they they really does make a difference particularly if you're saving a large sum of money in something like a certificate of deposit while that's yeah that's well worth the shopping around in your view as an economic analyst word we sit down as regards the economy and the risk of recession is is that something we should be worried about in the back row yeah I had my my advice is don't lose any sleep and don't buy canned goods but we should be. we should be mindful of the need to save for retirement and save former agencies when we published our economists survey just a couple weeks ago collectively they put the risk out of recession between now and election day twenty twenty basically four out of ten on the positive fraud we've been running actually more positive on let's say the flow of economic reports lately where they had been really tilting toward negative surprises and now we've had some positive surprises including industrial production and homebuilder sentiment job today the rising gasoline prices that were anticipating because of events in Saudi Arabia will be yet another headwind there are some protections that we may see prices rise as much as fifteen to twenty cents a gallon that should be temporary of their no further hostilities over there that's worth mentioning that that would still keep gasoline prices on a national basis below where they were a year ago at this time mark is always great to talk to you thanks for the information Bankrate senior economic analyst mark hemorrhage and it's come most Tom leases right indoor Kamel financial update here your propellants Durrance money check with Jim chess go I generally lackluster day for U. S. stocks but the indexes did break through late in the session and finished slightly higher the Dow industrials ended thirty four points higher the tech heavy nasdaq rose thirty two music streaming has become big business with that in mind Amazon is rolling.
"federal open market committee" Discussed on Bloomberg Radio New York
"What does that stand for Federal Open Market committee and who's on that? So that consists of all the members of the board of governors, which there can be seven, but there are currently five those are nominated by the president confirmed by the Senate and all twelve of the Reserve Bank presidents around the country who are actually chosen by their boards of directors subject to the approval of the board thought of a better, Akron, FOMC's hard to say, can you get some other acronym for that? Or we actually we may have to hire a branding consultant and get some better thinking on that for us. It's you know, it's a very basic acronym. Last. The fan released the minutes of your last FOMC meeting. Now you release your minutes not the day after the meeting. Why don't you release your minutes the day after a meeting we released a statement, which summarizes of decision and the language is very carefully structured to express the rationale for the decision. And then we actually go back and read the transcript, very carefully. We cumulate the perspectives offered by seventeen different members. And it takes three weeks to go through that process, and we polish the next we used to publish them with a couple of months delay. Now, we publish them with a three week delay. So they're meant to amplify. What's what's in the decision in those meeting a minute meetings? It said that there was fair debate about whether you should increase interest rates offense ones rates or not, but the unanimous. So was it fair to say that it was the United view of the FOMC that you should increase interest rates when it turns out that the debate was more divided than maybe the vote was, you know, so I would say one of the great things about our system is that we really have institutionalized diversity of perspectives twelve different. Reserve Bank presidents each of whom has his room own economic staff, and they come in. And so at every meeting we have a robust discussion debate and often disagreement over the past policy, and I personally think that's a great way to reach a better decision. So in the end people have to choose to to vote with the proposal or not in this case, everyone voted for all of us expressed at the meeting as reflect him when people don't vote for the proposal. It's recorded that they didn't vote for it is that they often issue. A a statement of why they descended and they'll explain themselves the whole thing. Explain yourself carefully to the public and transparently, and we try to put all of that out on the record. That's Federal Reserve chairman Jay Powell and coming up more the fed chairs conversation with Carlisle group.
"federal open market committee" Discussed on WLS-AM 890
"So. In case, you're not already there. Hopefully, someday, you can reside in that land of critical mass. We hear so many callers over the years. Calling in from the land of critical mass and usually have a very happy stories to talk about and if you'd like to land in Atlanta, critical mass where you don't have to set that alarm clock and get up and go to work every day unless you want to well, that's the way to do it become your own personal financial manager. Well, it's that time of the year. We're coming to another Federal Open Market committee meeting and it's coming up fast. In fact, it's going to be on this coming Wednesday. Now, it'll be a two day meeting and overnight pajama party starting on Tuesday and continuing into Wednesday but on Wednesday. We're going to have developments. We're going to have a statement from the Federal Open Market committee on monetary policy. And didn't that statement? I believe they will include for the eighth time in the rate normalization period. That started back at the end of two thousand fifteen. I believe they will announce another rate hike, it should be one quarter of one percent, otherwise known as twenty five basis points, and when that hike takes takes place on Wednesday that will bring the federal funds rate into the two to two and one quarter percent range, generally trades near the midpoint of that rain. So probably will trade around two hundred eighth percent. Most of the time in that area. And then there will be additional meetings this year. But the one in November on November seventh and eighth in my opinion will not result in any movement in short term rates. I do think though at the December meeting on the eighteenth tonight the nineteenth of December. I think the probabilities favor another rate hike to be announced on the nineteenth of December. If we continue to see good economic numbers, and you know, we've talked on this program about the fact that we are seeing good economic numbers. I think we'll see another rate hike in December. And if that happens that would bring the federal funds rate at year end into the two and a quarter two and a half range amid point in the area of two and three eighths percent. As for next year. If the economy continues to expand I think we'll see additional rate increases from the fed. In two thousand nineteen. So all of that is coming down the pike. The Federal Reserve certainly has it has its hands full because. In addition to what they call the normalization of interest rates. There are also of course, implementing their berry, very large quantitative tightening program. Now, you remember how that works quantitative easing, of course, took place over three major programs. During the earlier years of the economic recovery, which started back in two thousand nine the recovery. Started in two thousand nine. And during the early years of the recovery. There were three programs extended programs of quantitative easing. And what of course that involved was the. That'll reserve. Endorsing the purpose of treasury securities and agency securities in large amounts over a period of years to the point where the balance sheet holdings of treasuries and agencies at the Federal Reserve reached historic record levels. They were around at the absolute peak. They were around four and one half trillion dollars. That's right way way more than would normally be the size of the Federal Reserve balance sheet. And then what happened was when the decision. Well, the economy started to sustain itself in recovery. And what happened was the federal Federal Reserve decided that they would unwind. The quantitative easing program by doing the opposite or quantitative tightening. So after they had a mashed about four and a half trillion dollars insecurities on their balance sheet. They decided you know, what we're going to go back down and reduce the size of the balance sheet. But the way to do that. Was to put those securities back into the marketplace and make others by them at the market rate at that time. And so the way they've decided to do this so far. Is to redeem at maturity. Treasury and agency securities on the Federal Reserve balance sheet and place those securities back into the open market for others to Bach. And that's what's been going on. Now, they started out real small. They started out at a very very low level of quantitative tightening. That is if you will the repatriation of these treasuries agencies back into the open market and away from the Federal Reserve. And now they're getting very close. We're just one week away. From the point where the treasury. I mean, the fed will go back in full beaker. They will turn the gauge to full Baker in a week. Because in the month of October. They'll go to an annual rate of six hundred billion dollars or fifty billion dollars a month. Right now, they're at forty billion. They'll ratcheted up to fifty billion a month six hundred billion annual. And that will be effective in the fourth fourth quarter, October November December so far they have brought announced increases beyond the six hundred billion annual rate. And so what happens is you need to find buyers for these additional treasuries in agencies. They get basically thrown on the marketplace. At redemption. That's what we're looking at your local supply increases. And that's what we're looking at now in addition to tightening, which is that. A week from now will be a six hundred billion annual of new securities from the Sam point of the open market coming into the open market forbids and for buyers and coming off the Federal Reserve balance sheet where they've been sitting for years in addition to that. The bond market is going to have to absorb. The annual deficit which is added to the national debt and right now that is running in. A very very high fashion. And looks like it's going to be close to well. It'll be it won't be quite nine hundred billion the fiscal year ending next week, by the way fiscal year for the government. We're uncles tan next week looks like it won't be nine hundred billion the big eight hundred plus billion number eight hundred sixty whatever it turns out to be. And then we get into fiscal year two thousand nineteen. For. The government the school year. That deficit to Robert, and we should be back up over a trillion dollars annual within the next couple of years. The point of this is all of that has to be financed in the bond market, and that particular element requires the treasury to sell securities to finance the deficit. So we have that also. Right. So we have the quantitative tightening. And we have the ongoing deficit spending that has to be finance and all of this paper. You're well treasury paper in that case. Gets thrown onto the market. That's what we're looking at out here. And that's what's going on. Now. The Federal Reserve has a lot on its plate these days because they have to deal with the fact that they have to continue to implement the quantitative tightening, reducing their balance sheet, but they also have to provide a month three policy that allows the economy to continue to grow while we're running monumental deficit and growing deficits. So. That's why we're running these bizarre deficits in good times. You'll have to ask your local politician because it makes no economic sense to do what we are doing. But right now not. Voiced in the nation's capital to stand up on this. Seems like most people in the federal government preferred about something anything, but the deficit spending the national debt and the run up that we're seeing and especially with it happening in good times. That's what's bizarre in receptions. But in good times to see. We are listening. But it certainly. That's what Federal Reserve has to deal with. They have to monitor. Where? And. Come up new. The. Operating a. Very pumped up reading. The. We. What? Take an era rate. With your Mayo Clinic Radio Health Minute, I'm Vivian Williams. We all know that exercise is a great way to lower your risk of heart disease. Now, even if you do exercise it might be worth kicking it up a notch by including interval training. Once you warm up, go Hart. Go hard enough. You say this is really hard. He could be swimming's from heart laugh, you could be on a bike. You can be running whatever the second thing is don't go too long. Just go like, sixty seconds. And the third thing is when you slow down to get your breath back fully get it back. So you can go just as hard next time. Just Dr Stephen kobetski says there are three great things that happen within seconds and doing an interval or going hard one is your muscles. Tell your heart pump more the heart likes that the muscles. Tell the blood vessels get bigger..
"federal open market committee" Discussed on KSFO-AM
"That all money talkers want to be sure to know at the same time we are experiencing a growing quantitative tightening supply which will reach its target level by tober of six hundred billion annual rate at the same time that that's happening the federal open market committee is raising rates relentlessly they will be coming into their seventh rate hike on june thirteenth this week when most people including yours truly expect the federal open market committee to again raise short term rates by twenty five basis points that will put the federal funds rate the shortest rate of all it's a daily rate to one three quarters to two percent and you will see this and certificates of deposit money market funds prime rate all of the rates that revolve around the short term rates structure that is literally dictated by the federal open market committee well you see the difference probably already the difference is we now are on two tracks before we were on single tracks independent and that's a big difference let's go down these these tracks that i'm talking about the first track we went on after the financial crisis was the lower interest rate track the federal open market committee lowered the rate on federal funds the overnight rate that banks charge one another on loans to one another against their reserve account at the federal reserve for all the member banks that particular rate was lowered all the way basically two zero at the bottom the range was zero to twenty five basis points and it was trading around one eighth so that was close to zero and that was the first track that we've run i'm going to give you six tracks six tracks that's no track number one and then that happened rates went down near zero and that.
"federal open market committee" Discussed on WHO NewsRadio 1040 AM
"That all money talkers want to be sure to know at the same time we are experiencing a growing quantitative tightening supply which will reach its target level by tober of six hundred billion annual rate at the same time that that's happening the federal open market committee is raising rates relentlessly they will be coming into their seventh rate hike on june thirteenth this week when most people including yours truly expect the federal open market committee to again raise short term rates by twenty five basis points that will put the federal funds rate the shortest rate of all it's daily rate to one and three quarters to two percent and you will see this in certificates of deposit money market funds prime rate all of the rates that revolve around the short term rates structure that is literally dictated by the federal open market committee well you see the difference probably already the difference is we now are on two tracks before we were on single tracks independent and that's a big difference let's go down these these tracks that i'm talking about the first track we went on after the financial crisis was the lower interest rate track the federal open market committee lowered the rate on federal funds the overnight rate that banks charge one another on loans to one another against their reserve account at the federal reserve for all the member banks that particular rate was lowered all the way basically two zero at the bottom the range was zero to twenty five basis points and it was trading around one eighth so that was close zero and that was the first track that we run i'm going to give you six tracks six tracks that's no track number one and then that happened rates went down near zero and that.
"federal open market committee" Discussed on WAFS Biz 1190
"On the things you needed one it's max unchanged at three point nine percent but projects global growth will then fade central banks tighten policy us fiscal stimulus of size and china's gradual slowdown continues john williams who takes the helm of the powerful new york fed in june has played down risks of the yield curve becoming adverted as a us central bank gradually raises interest rates the current san francisco fed president spoke in madrid current pace of growth as well above trend five you is at the federal open market committee fomc needs to continue on the path of gradually raising interest rates keep things on an even footing and reduce reduce the risk of getting to a point where the economy could overheat and create problems it might end badly sources inside the trump administration director mike von pale recently traveled to north korea to meet kim jong un a trip is said to have happened over the easter weekend shortly after pump was nominated as secretary of state president trump's historic talks with him are a step closer confirmation the two sides happen talking directly however the white house says the two leaders have not spoken and white house economic adviser larry cudlow is downplaying the chances of the us re entering the transpacific partnership saying the idea is more of a thaad than a policy kudlow says washington is quote pre preliminary stages of any discussions and officials are more interested in a separate deal with japan new zealand says a us wooden simply be welcome back anyway the united states wanted to follow through on the interest that would trigger a renegotiation as it would if if others were interested in joining the agreement as well so we'll continue with the process as it were and see what comes off the signals back made but it's not simply a matter of putting a hand up and slotting stripe bacon debate agreement global news twenty four hours a day on air tech talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm yvonne man this is bloomberg thank you very much used.
"federal open market committee" Discussed on KBOI 670AM
"Burberry busy week here in las vegas this week that has to of course with the nc double a tournament which is continuing and we'll move to the final four stage next weekend on saturday but this is a weak in las vegas and there are some other things going on there's a technology technology show going on that's part of a lot of people in two but i have to say every year when you get into the nc double a tournament you get a tremendous amount of activity in las vegas for some reason or other it seems like people like to wager here in las vegas on the nc double a tournament and they do it every year well the federal open market committee had a meeting this week a two day meeting it was a a pajama party sleepover tuesday night and into wednesday and on wednesday they announced a one quarter of one percent increase in the federal funds rate this is the increase we talk about on our last broadcast last week and it certainly was widely expected and brought the current rate to a new range the new range is one and a half percent to one and three quarters percent as we have now seen six rate increases going back to the end of two thousand fifteen this was all part of a tightening monetary tightening cycle that is ongoing and expectations are there will be several additional rate increases at least through next year and we have a new fed chair now jerome powell and tear powell did a good job communicating during his first media conference this past wednesday he certainly made clear that the fomc balance right now the balance of power right now is very close between those that wanna see a total of three rate hikes this year and those who wanna see four and obviously all of this assumes that the economy continues to grow so we have one faction at the federal open market committee that thinks that a total of three rate hikes this year will suffice we have a more hawkish fashion the thinks that the total should be four either way rates are going up now the fed has also stopped talking largely about slack in the economy they used to talk about it a lot they don't talk about much anymore and that's because we have what is defined as full employment based on.
"federal open market committee" Discussed on Knowledge@Wharton
"So in terms of gdp things seemed to be going along just fine now of course the devastation that we're seeing from these hurricanes is horrific devastation is obviously a terrible for the people who are involved and our thoughts go out to them but in terms of the economy as a whole the best estimate right now is that will see about a hundred basis point declining gdp this quarter and then i'll bounce back to about one point three percent in subsequent corner some number around there so it will have an effect it'll be a transitory uh as that works through the economy so that's on the gdp front on employment i think the best i can saying by the way everything i say or my views alone and the views of knowing in the federal reserve system or on the federal open market committee but with respect to employment were running below what most people would think is the natural rate of unemployment labour markets feel really tight in that's not only in the data in terms of unemployment but you look at the jolts data the job opening it quits data things are really tight and you're hearing this i mean that's the plural of anecdote is not data but we're hearing this over and over and over again of the skills minutes match questioned big companies can't find the skilled workers and again we're not talking about phd economists and computer scientists we're talking about truck mechanics electricity lines plumbers in go down the list there's just a real it's a very tight market.
"federal open market committee" Discussed on WTVN
"Thursday first says the glenn beck so yesterday the federal reserve moved to dismantle a pillar of crisis era support for the world's biggest economy and stuck with its forecast to raise interest rates again hurricane harvey erma and maria have demonstrated devastated many communities inflicting severe hardship said the federal open market committee um but uh the stormrelated disruptions and rebuilding will affect economic activity in the near term but past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium turn and that is why we are going to shrink our four point five trillion dollar balance sheet most people don't even know what i'm even talking about but this is a really big deal and uh i really thought with the storms and is mostly with what's happening in puerto rico we might want to check in and see what the fed is doing that major had hurt like it did mine we needed someone to actually really under stands this stuff danielle de martino boothe is the author of fed up at insiders take on why the federal reserve is bad for america she joins us now so danielle it's tell me what the the tell me what this means and what this is going to do well look the federal reserve in my personal opinion didn't have any business blowing up their balance sheet and buying security to the tune of four point five trillion dollars in the first place so i'll be happy to feed natural price discovery go back into the hands of people who should determine the price it that when it botanic of capitalism but this is this is hurricanes all wrong all wrong thought with the storms and as specially with what's happening in puerto rico we might want to check in and see what the fed is doing that major had hurt vicha did mine we needed someone to actually are when they are starting to liquidate all of these whose going to buy them in when does this make us more unstable or does this help us of course it makes it he did tell me what this means and what this is going to do well look the federal reserve in my personal opinion didn't have any business unless they just want to keep it in the.
"federal open market committee" Discussed on WGN Radio
"Of turning onto the grain trade yesterday is we're approaching harvest seriously now corn futures fell nearly one percent on chart very selling your nose the harbours begins to get closer soybeans followed the week trim declining in the absence of any fresh supportive news wheat closed mixed with front month december just fractionally lower today the day number two of the ohio farm science review in london ohio just west of colombo's that show continues through tomorrow and combines will begin the role seriously with would continue drier weather forecasts that we have but it'll pick up the pace rather quickly you ever great day i'm orient samuelson azorian you as well now the wgn associated bankers market dusk outlook for wednesday september 20th the existing home sales for august will be released today by the of folks who do those reports the numbers so coming up mid morning four again existing home sales also it is the last day federal open market committee they will have the news conference the chair janet yellen this afternoon we edge and i expect change in interest rates they will be talking about monetary policy we also may find out whether or not janet yellen is going to seek a a second term as the chair of the federal reserve the un general assembly continues in new york rosh hashana begins the jewish new year begins this evening ending friday evening as.
"federal open market committee" Discussed on WTMJ 620
"Dot org contact them today the federal open market committee meeting concludes later today with an announcement expected after lunch eastern time while no interest rate hike is coming there is something of significant importance in the offing the fed is expected to begin on winding its large balancesheet what does that mean exactly here's mark hamrick senior economic analyst at bankratecom mark give us the basics a you know over the course basically of the past decade or the greater part of the decade the federal reserve accumulated more than four trillion dollars worth of fixed income securities translation rarely bravery bonds and mortgagebacked securities but things that are used to finance mortgage that we all take out by home mortar refinance luke luke done though after the financial crisis to limit to the rooftops to try to shore up the us economy and also to keep interest rates more broadly lower well court the greater part of a decade of now than the fed wants to get back to a more neutral putin at a wants to delete start shutting some of those doubt that from a collective proverbial wall what was going to be a very slow process and wants to take no after today's meeting with this product will likely be getting underway but time not expected to raise interest rate any time soon and so this is really a gradual brought up in a row not intended to rattle but after markets quite the contrary age and to keep market stable those big okay so the what could happen we're we're my these tentacles reach when the starts happening well of course you know when we're thinking about the rental market very often we try to indicate negative scenarios or worstcase scenario and one of those trying out back to the.
"federal open market committee" Discussed on WJNT 1180 AM
"Now there are seven governors of the federal reserve board when all the seats are occupied there were seven from the federal reserve board that are governors and then there are five federal reserve bank presidents that rotate as members of the voting federal open market committee now the president of the federal reserve bank of new york has always on the fomc because that is especially important as a nation the other four seats for the federal reserve bank presidents rotate on an annual basis so that's the way the federal open market committee behaves during his meetings obviously investors care a great deal about monetary policy coz is one of the most important things happening out there in terms of investment in terms of the stock market in terms of the bond market and that is the reason that each and every time these meetings develop which is approximately every six weeks people pay a lot of attention to what is going on now the media conferences are held on a quarterly basis should march june september and december that's when the video conferences are held and during these conferences we not only get statement it's and clarification commentary from the fed chair but in addition to that there is a a qna period and qna period that takes place during the media conferences provides members of the financial media to interject questions they may have now the most important thing going on right now in terms of this upcoming meeting would be the low rate of inflation inflation remains below the federal reserve target which is 20 two per said even it remains below that target especially with reference to the personal consumption expenditure indicator which is the gauge that is most closely followed by federal open market committee members and since a remains below two percent i think is reasonable us to expect going forward that the federal reserve will be cautious at this september meeting about what they do with interest rates federal reserve is very very tuned in to what is happening with inflation they basically they want that target of two percent but they don't want rapid inflation they don't want escalating inflation above that level they also don't want deflation because deflation is a disaster for the economy so they're going to do everything in their power in my opinion everything in their power to get that inflation rate back door two percent and until they get to that level i think they're going.
"federal open market committee" Discussed on WHO NewsRadio 1040 AM
"That's what this is all about now there are seven governors of the federal reserve board when all the sheets are occupied there were seven from the federal reserve board that are governors and then there are five federal reserve bank president that rotate as members of the voting federal open market committee now the president of the federal reserve bank of new york has always on the fomc because that is especially important as a nation the other four seats for the federal reserve bank presidents rotate on an annual basis so that's the way the federal open market committee behaves during his meetings obviously investors care a great deal about monetary policy coz is one of the most important things happening out there in terms of investment in terms of the stock market in terms of the bond market and that is the reason that each and every time these meetings develop which is approximately every six weeks people pay a lot of attention to what is going on now the media conferences are held on a quarterly basis should march june september and december that's when the media conferences are held and during these conferences we not only get statements and clarification commentary from the fed chair but.