BY PATRICK LAVERY Despite pressures from various angles, there are no new surprises in Federal Reserve Board policy to report, as for its fourth consecutive meeting – encompassing all four such sessions to begin 2025 – the Federal Open Market Committee decided on Wednesday to leave its key interest rate unchanged, at a target rate…
BY PATRICK LAVERY After an eventful final weekend of spring in the United States – from a military parade, to counter-protests, to the assassination and attempted assassination of two Minnesota lawmakers, to escalating tensions at home and abroad about the deadly faceoff between Iran and Israel – the beginning of this week brings those factors…
By PATRICK LAVERY “The waiting is the hardest part,” Tom Petty once sang, and it appears that will be the case for at least another six weeks, as experts predict the Federal Reserve Board will preserve its key interest rate at a range of 4.25% to 4.5% at the conclusion of the Federal Open Market…
By PATRICK LAVERY Though often guided by the decisions and directives of the executive branch, it is relatively rare for the Federal Reserve Board to publicly make reference to the policies of a presidential administration – save for an extenuating circumstance such as the COVID-19 pandemic – when announcing the reasons for the board’s own…
By PATRICK LAVERY As a tariff standoff between President Donald Trump’s administration and the nations of Canada, China, and Mexico leaves the immediate future of the American economy hanging in the balance, odds are overwhelming that the Federal Open Market Committee will choose to leave its key interest rate at its current range of 4.25%…
By PATRICK LAVERY Experts trying to predict the outcome of Super Bowl LIX have nothing on those watching the Federal Reserve Board, as hints and signposts leading up to this week’s meeting of the Federal Open Market Committee accurately pointed to the action taken Wednesday: no change in the target range for the federal funds…
By PATRICK LAVERY The inauguration of President Donald Trump to his second, non-consecutive term last Monday was quickly followed by a flurry of executive orders and policy redirection that the administration hopes will set the course for the United States for the next four years. But the first economic crisis of the new Trump presidency…
By PATRICK LAVERY What seemed optimistic 11 months ago, only to devolve into being far-fetched by the middle of the year, is now likely. When the Federal Open Market Committee holds its final two-day meeting of 2024 this week, the dream floated by some officials back in January of cutting the Fed’s key interest rate…
By PATRICK LAVERY The result will have no immediate bearing on the decision-making process, but the outcome of Tuesday’s United States presidential election – which may still be in question for days afterward – figures to cast a shadow over the Federal Open Market Committee’s next scheduled meeting this week. In fact, because of Election…
By PATRICK LAVERY The Federal Open Market Committee on Wednesday voted to make its first cut in the federal funds rate in more than four years, a substantial 50-basis point slash which, as had been predicted earlier in the week, lowers the target range for the key rate from its previous level of 5.25% to…
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