FOMC Raises Fed Target rate to 5.25% to 5.5% in July 2023 meeting. (www.federalreserve.gov)
Powell speaks in 30 minutes....
Fed raises policy rate to 5.25%-5.50% range (www.federalreserve.gov)
Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live (www.federalreserve.gov)
Fed holds FFR at 5.00% June 14th (www.federalreserve.gov)
The Federal Reserve holds the target Federal Funds Rate at 5.00% or so, the first rate-pause in nearly a year....
Federal Reserve issues FOMC statement - June 14, 2023 (www.federalreserve.gov)
Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated....