The hike is only the second since 2008 IFM Correspondent December 15, 2016: Citing an improving economy, the US Federal Reserve raised its key interest rate on December 14 for the first time in 2016 by a quarter percentage point. In a statement after a two-day meeting, the Fed said policymakers unanimously agreed to lift...
Interest rates unchanged following the September meeting Ken Taubes September 26, 2016: As expected, the Federal Reserve Board left interest rates unchanged following the September meeting of the Federal Open Market Committee (FOMC). In its statement following the meeting, the FOMC said, “The Committee judges that the case for an increase in the federal funds...
Fed Chair says data is moving in the right direction and she is philosophically inclined to increase rates, but… Seth Roman September 02, 2016: The intention of the Federal Reserve Board to raise rates is clear, but it is still a question of when. In her annual speech at the Jackson Hole Summit in Wyoming,...
Yellen, 67, presently the vice-chairwoman of the Board of Governors of the Federal Reserve System will be the first woman to head the central bank in its 100 year old history. 10th October 2013 At a time where women are taking over coveted positions in corporates and other sectors, the banking sector is no exception....