At its 21-22 June meeting, the Federal Open Market Committee (FOMC) left the federal funds rate unchanged within the historically low range of 0% to 0.25% set in December 2008, in a decision that was widely expected by the market. Moreover, the FOMC maintained the same tone as in the previous meetings, stating that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period. Meanwhile, the FOMC voted against further expansion of its asset purchase programme, commonly referred to as QE2. As a result, the programme will end in June with the acquisition of a total of USD 600 billion of U.S. Treasury bonds. Nonetheless, monetary stimulus will not be removed, as the Committee confirmed that the Federal Reserve will reinvest the proceeds from the maturing debt.
United States Monetary Policy
No change in the Fed's policy stance
June 22, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.