US Federal Reserve

FOMC Reports Economic Activity Has Picked Up

Cheryl Phillips — Wed, 23 Sep 2009 16:38:48 -0500

Investors showed signs of relief at the Federal Reserve's latest policy statement. The much anticipated FOMC statement revealed this afternoon that the economy was recovering after a “severe downturn." However, it's not a time for rejoicing since consumer spending will still remain restricted due to job losses and sluggish income growth.

Fed Chief Bernanke Believes Worst is Over

Charles Sherry — Wed, 03 Jun 2009 10:08:59 -0500

Fed Chairman Ben Bernanke began his testimony before the Committee on the Budget in the US House of Representative acknowledging the economy has contracted sharply since last fall. Bernanke conceded that companies have shed close to 6 million jobs in this downturn, and the most recent information on the labor market suggests “sizable job losses and further increases in unemployment” are likely over the next few months.

Feds Seek To Steady Mortgage Rates

Kyle Godfrey — Thu, 21 May 2009 08:23:14 -0500

Officials in Washington are looking to keep mortgage rates at affordable levels to help the ailing housing market. However, as Treasury notes being printed begin flooding the market, keeping rates down will be more of a challenge every week. As Treasury yields push higher there will be a tug on mortgage rates to follow suit.

Housing Market Looking Stronger As Bernake's Plan Seems To Be Working

Hank Bailey — Fri, 03 Apr 2009 08:49:39 -0500

According to reports this morning, the U.S. Federal Reserve is delivering what they promised. We are in a state of historical low mortgage rates and the subsequent refinancing activity that followed the rate decrease of the past six months is putting more money back into the economy through more usable income in the hands of home owners.

Fed Announcement Prompts Bond Market Party

Armen Hareyan — Wed, 18 Mar 2009 16:12:23 -0500

If you think that the rally in financials for the past few days has been a spectacle, and I do, it's nothing compared to the radical move in the bond market today. The Fed announcement said in a statement that it would buy $300 billion in Treasuries and purchase an additional $750 billion of mortgage-backed securities.

Fed Statement Announcing FOMC Decision

Armen Hareyan — Wed, 18 Mar 2009 16:06:54 -0500

FOMC meeting resulted in Fed decision statement today which basicallly says that inflation is subdued, economy is slow, but will gradually pick up.

Fed To Reveal Economic Strategy Today

Armen Hareyan — Wed, 18 Mar 2009 07:41:25 -0500

Policy makers at the U.S. central bank are meeting Wednesday to discuss steps they hope will boost the struggling U.S. economy, but they are expected to make no change to already low interest rates.

Fed Is Meeting To Discuss Economy, Acts On BHCs

Armen Hareyan — Tue, 17 Mar 2009 09:29:18 -0500

The U.S. central bank is meeting Tuesday to consider new ways to battle the worst economic crisis facing the nation since the 1930s. The government also is releasing a report Tuesday on the U.S. housing market, which is at the heart of the global economic crisis.

U.S. May Land Half Of The National Production To Rescue Financial System

Armen Hareyan — Mon, 24 Nov 2008 10:11:03 -0600

How far will the Fed go? It looks like the Fed is going to take whatever it takes to rescue the U.S. Financial System. Today's report shows that the Fed is prepared to lend $7.4 trillion on behalf of U.S. taxpayers to rescue the troubled financial system that started last year.

Fed Attempting To Prevent Great Depression II

Armen Hareyan — Thu, 23 Oct 2008 09:26:08 -0500

U.S Fed chairman Ben Bernanke and the Fed have to be miffed over their lack of traction in addressing the credit bubble.

Fed Paying Interest on Reserves, Increasing TAF, Jumping Through Hoops

Armen Hareyan — Mon, 06 Oct 2008 09:38:00 -0500

The Fed has released a statement announcing significant efforts to boost liquidity in the credit markets. The Fed will begin to pay interest on required reserve balances and excess reserve balances. Additionally, the Fed will increase the amount outstanding in the Term Auction Facility (TAF) to a potential amount of $900 billion over year end.

Goldman and Morgan Approved as Bank Holding Company

Armen Hareyan — Sun, 21 Sep 2008 23:10:36 -0500

The Federal Reserve Board on Sunday approved, pending a statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies.