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Calculated Risk: FOMC Statement: Low Rates for Extended Period
24/7 Wall St.: FOMC: Very Little Optimism, Very Little Action
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New home sales down: http://www.federalreserve.gov/newsevents/press/monetary/20091104a.htm 9 days ago |
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Feds leave key interest rates unchanged ..http://www.federalreserve.gov/newsevents/press/monetary/20091104a.htm 9 days ago |
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fed leaves key rate unchanged:http://www.federalreserve.gov/newsevents/press/monetary/20091104a.htm 9 days ago |
FOMC Statement: Low Rates for Extended Period
Calculated Risk —
Some people thought that the Fed might change the "extended period" statement, or the "economic activity ... to remain weak for a time". No change to those statements. Note: I doubt the Fed will raise rates for a long time. From the Fed: Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household ...
FOMC: Very Little Optimism, Very Little Action
24/7 Wall St. —
... Federal Open Market Committee notes said that economic activity has picked up since the group’s September meeting, but certainly not enough for the Fed to do anything about it. The FOMC said it will maintain the target range for the federal funds rate at 0 to 1/4 percent, and will purchase a total of $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt. The amount of agency debt purchases, while somewhat less than the previously announced maximum of $200 billion, is consistent with the recent path of purchases and reflects the limited ...
Fed funds: “unchanged”
FT Alphaville —
No surprises in the Federal Reserve’s decision on Wednesday to keep interest rates at 0.25 per cent, but you will want to peruse the statement, which is here . Snaps:– Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period– Although economic activity is likely to remain weak for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will support a strengthening of economic growth and a gradual return to higher levels of resource utilization ...
No change from the Fed
The Mess That Greenspan Made —
Aside from a reduction in the purchase of GSE debt from $200 billion to $175 billion, there were no substantive changes to the Federal Reserve's policy statement today after the central bank concluded two days of deliberation. ...
FOMC In English
The Market Ticker —
Tickerguy's English translation of the FOMC statement:
Release Date: November 4, 2009
For immediate release
Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up.
We ...
Fed — No Rate Change
Bear Mountain Bull —
Fed — No Rate Change No surprise there. Sounds like they talked about cutting back agency debt purchases. Here’s the statement . Posted: 1:22 pm Comment on this post Comments No comments yet. RSS feed for comments on this post. Leave a comment Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: Name E-mail (Not required, not displayed) URL (Your website/homepage) Your Comment
FOMC Statement: Fed on Autopilot, Will Reduce Buying Agency Paper
The Prudent Investor —
The Federal Reserve is set to continue its ZIRP (zero interest rate policy) until spring 2010. According to the statement released after the latest 2-day meeting of the Federal Open Market Committee (FOMC) the Fed kept its key interest rate unchanged at the level of 0% to 0.25%. While the Fed sees the economy picking up ...
El-Erian: Short-term stability at the cost of longer-term instability?
FT Alphaville —
Guest post: Pimco chief executive Mohamed El-Erian looks at the Federal Reserve’s very delicate balancing act… The message from the FOMC is clear: let’s not rock the boat in the anticipation (or hope) that the US economy can transition to more robust low-inflationary growth. To this end, the announcement at the end of the two-day FOMC meeting re-iterates that policy interest rates will stay “exceptionally low” for “an extended period;” it welcomes the continued pickup in economic activity; and it enhances future policy optionality by listing a mix of variables that would be ...
Today's Market
The Bonddad Blog —
Let's coordinate fundamental and technical events. At point A we learn get the Fed statement: The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period. Basically, the Fed has walked into a frat house and yelled "FREE ...
When Does The CHARADE Stop? (Fannie)
The Market Ticker —
It's a policy (according to Barney Frank) to lose money on purpose, right?
Well then Fannie Mae ought to get some sort of award:
Fannie Mae, operating under a federal conservatorship, said it will seek $15 billion in aid from the U.S. Treasury as its ninth straight quarterly loss once again ...
Words from the (Investment) Wise 11.08.09
The Big Picture —
... The Federal Open Market Committee (FOMC) maintained its extraordinarily accommodative monetary policy following its meeting on Wednesday. The communiqué had no surprises and said that the committee expected to keep the fed funds rate target in the 0-0.25% range “for an extended period”. As expected, the European Central Bank (ECB) and the Bank of England (BoE) also kept interest rates unchanged at 1% and 0.5% respectively. ...
Summary and a Look Ahead
Calculated Risk —
... for October will probably be released. This survey was available for the FOMC meeting last week, and tight lending standards and weak loan demand is probably one of the reasons the FOMC expects economic activity "to remain weak for a time". ...
Is the Risk Trade Back On?
Minyanville —
This week s review comes to you in a shortened format as I m about to leave Cape Town for a visit to the colder environs of Switzerland and Slovenia. Although reduced commentary is provided, a full dose of excerpts from interesting news items and quotes from market commentators is included. The Federal Open Market Committee (FOMC) maintained its extraordinarily accommodative monetary policy following its meeting on Wednesday. The communiqu had no surprises and said that the committee expected to keep the fed funds rate target in the 0-.25% range for an extended period." As ...
THINKING ABOUT THE GREAT EGRE$$ION
The Capital Spectator —
... Of course, the only clarity we have at the moment is largely related to the stated discipline to maintain the status quo for the foreseeable future. Or as the Fed’s FOMC explained earlier this month at its regularly scheduled confab, “The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” ...
