November 21, 2023 | Daily JAM |
Federal Reserve officials at their November 1 meeting were agreed on a strategy to “proceed carefully” on future interest-rate moves and base any further tightening on progress toward their inflation goal. “All participants agreed that the committee was in a position to proceed carefully and that policy decisions at every meeting would continue to be based on the totality of incoming information,” according to minutes of the November 1 Federal Open Market Committee meeting released today, Tuesday, November 21. At the meeting the Fed held its benchmark lending rate in a range of 5.25% to 5.5% for the second straight meeting.
February 22, 2023 | Daily JAM, Morning Briefing |
Minutes from the Federal Reserve’s February 1 meeting show a central bank anticipating Federal Reserve further increases in interest rates in order to bring inflation down to the Fed’s 2% inflation target. “Participants observed that a restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2%, which was likely to take some time,” according to the minutes of the February 1 meeting released today February 22.
January 5, 2022 | Daily JAM, Mid Term |
Today, the Federal Reserve released its minutes from its December 15 meeting of its interest-rate setting body the Federal Open Market Committee. Investors and traders didn’t like what they thought they heard–a growing consensus on a first interest rate increase at the March meeting.
December 30, 2019 | Daily JAM, Morning Briefing |
Trading volumes will be low and investors attentions will be focused elsewhere than the financial markets, but this is a week with a surprising amount of market news. Tomorrow, Tuesday December 31, China announces the official Purchasing Managers Index for...
February 20, 2019 | Daily JAM, Morning Briefing, Volatility |
All Today's release of the minutes from the Federal Open Market Committee’s January meeting has the potential to move markets--maybe even more potential than usual. That's because the market is looking for guidance on a series of Fed-centric issues. First, there's the...
February 16, 2019 | Daily JAM |
...the data calm before the February 28 data storm. Scrambling to recover from a government shutdown that delayed the collection and processing of economic data, the Bureau of Economic Analysis has announced that it won't release the first report on fourth quarter...
July 5, 2018 | Daily JAM |
A slightly larger dash of uncertainty flavored the Federal Reserve's minutes from the June 12 to 13 meeting of the Open Market Committee. But since this is the same uncertainty that's been troubling the market in recent weeks, the minutes didn't have a huge effect on...
May 23, 2018 | Daily JAM, Morning Briefing |
The release of the minutes from the Federal Reserve’s May meeting turned markets from red to green this afternoon. The day had started off with just about everything in retreat on an avalanche of disquieting news. President Donald Trump seemed to back away from concluding a trade agreement with China. Emerging market analysts increased talk of a crisis from Argentina to Ankara. And then came the release of minutes from the Fed
July 6, 2016 | Daily JAM, Morning Briefing, Short Term |
The minutes from the Federal Reserve’s June 15 meeting, released today, make it clear that the decision to hold rates steady instead of increasing them had to do with more than uncertainty about the upcoming Brexit vote in the United Kingdom. Fed members were just as worried about the surprisingly weak 38,000 jobs created in May
April 6, 2016 | Daily JAM, Morning Briefing, Short Term |
If you want to read these minutes from the Federal Reserve’s March 16 meeting as assurance that the Fed will go very, very slowly on raising interest rates–so slowly that the U.S. central bank might raise rates just once (or less) in 2016–then you can. And that’s what the markets have done today with the euro up against the dollar, oil up (West Texas Intermediate closed up 5.27%), and the Standard & Poor’s 500 ahead (by 1.05% at the close.)
