Pins matching tag:"Monetary Policy"

The FOMC left the federal funds target range at 5.25%-5.50% on 1 November 2023, with every voting member in favour.

The FOMC left the federal funds target range at 5.25%-5.50% on 13 December 2023, with every voting member in favour.

The FOMC left the federal funds target range at 5-1/4 to 5-1/2 percent on 31 January 2024, with all twelve voting members in favour.

The FOMC held the federal funds target range at 5-1/4 to 5-1/2 percent on 20 March 2024 by a unanimous vote, and its projections pointed to a lower rate by year-end.

The FOMC held the federal funds target range at 5-1/4 to 5-1/2 percent on 1 May 2024 and said it would slow the pace of decline of its securities holdings from June.

The FOMC held the federal funds target range at 5-1/4 to 5-1/2 percent on 12 June 2024 by a unanimous vote, noting modest further progress on inflation.

The FOMC held the federal funds target range at 5-1/4 to 5-1/2 percent on 31 July 2024 by a unanimous vote, with the unemployment rate having moved up.

The FOMC lowered the federal funds target range by 1/2 percentage point to 4-3/4 to 5 percent on 18 September 2024 by an 11-1 vote, with Michelle Bowman preferring a quarter-point cut.

The FOMC lowered the federal funds target range by 1/4 percentage point to 4-1/2 to 4-3/4 percent on 7 November 2024, with all twelve voting members in favour.

The FOMC lowered the federal funds target range by 1/4 percentage point to 4-1/4 to 4-1/2 percent on 18 December 2024 by an 11-1 vote, with Beth Hammack preferring to hold.

The FOMC left the federal funds target range at 4-1/4 to 4-1/2 percent on 29 January 2025, with all twelve voting members in favour.

The FOMC held the federal funds target range at 4-1/4 to 4-1/2 percent on 19 March 2025 and cut the Treasury redemption cap to $5 billion a month from April, with Christopher Waller dissenting.

The FOMC held the federal funds target range at 4-1/4 to 4-1/2 percent on 7 May 2025 by a unanimous vote, noting that swings in net exports had affected the data.

The FOMC held the federal funds target range at 4-1/4 to 4-1/2 percent on 18 June 2025 by a unanimous vote, with projections still pointing to two cuts in 2025.

The FOMC left the federal funds target range at 4-1/4 to 4-1/2 percent on 30 July 2025 by a 9-2 vote, with Michelle Bowman and Christopher Waller preferring a quarter-point cut.

The FOMC lowered the federal funds target range by 1/4 percentage point to 4 to 4-1/4 percent on 17 September 2025 by an 11-1 vote, with Stephen Miran preferring a half-point cut.

The FOMC lowered the federal funds target range by 1/4 percentage point to 3-3/4 to 4 percent on 29 October 2025 by a 10-2 vote and decided to end the reduction of its securities holdings on 1 December.

The FOMC lowered the federal funds target range by 1/4 percentage point to 3-1/2 to 3-3/4 percent on 10 December 2025 by a 9-3 vote and began buying shorter-term Treasury securities to keep reserves ample.

The FOMC left the federal funds target range at 3-1/2 to 3-3/4 percent on 28 January 2026 by a 10-2 vote, with Stephen Miran and Christopher Waller preferring a quarter-point cut.

The FOMC held the federal funds target range at 3-1/2 to 3-3/4 percent on 18 March 2026 by an 11-1 vote, adding that developments in the Middle East made the outlook uncertain.

The FOMC held the federal funds target range at 3-1/2 to 3-3/4 percent on 29 April 2026, its most divided vote of the year: Stephen Miran wanted a cut, and three presidents objected to the statement's easing bias.

At the first meeting led by Kevin Warsh, the FOMC voted 12-0 on 17 June 2026 to keep the target range at 3-1/2 to 3-3/4 percent, and its projections moved from cuts to a hike by year-end.

The FOMC kept the target range at 3-1/2 to 3-3/4 percent on 29 July 2026 by a 9-3 vote, with Beth Hammack, Neel Kashkari and Lorie Logan preferring a quarter-point increase.

The FOMC voted 12-0 on 16 September 2026 to raise the federal funds target range by 1/4 percentage point to 3-3/4 to 4 percent, and its projections now point to a higher year-end rate.

The Federal Open Market Committee announces its October 2026 rate decision at 2:00 p.m. ET on October 28, six weeks after raising the federal funds target range a quarter point to 3.75%-4.00% on September 16, its first hike since 2023. On 19 September 2026 Kalshi traders were split between holding the rate and a second 25bp hike, with cuts priced near zero.

The FOMC announces its rate decision on the second day of its January 26-27 2027 meeting. On 21 September 2026 Kalshi last traded Fed maintains rate 61%, Hike 25bps 25%, Cut 25bps 8%.

The FOMC announces its rate decision on the second day of its March 16-17 2027 meeting. The meeting is one of the four in 2027 that comes with a Summary of Economic Projections - the "dot plot" - and a press conference. On 21 September 2026 Kalshi last traded Fed maintains rate 67%, Hike 25bps 27%, Cut 25bps 10%.

The FOMC announces its rate decision on the second day of its April 27-28 2027 meeting. On 21 September 2026 Kalshi last traded Fed maintains rate 63%, Cut 25bps 11%, Hike 25bps 8%.

The FOMC announces its rate decision on the second day of its June 8-9 2027 meeting. The meeting is one of the four in 2027 that comes with a Summary of Economic Projections - the "dot plot" - and a press conference. On 21 September 2026 Kalshi last traded Fed maintains rate 59%, Cut >25bps 28%, Hike 25bps 20%.

The FOMC announces its rate decision on the second day of its July 27-28 2027 meeting. On 21 September 2026 Kalshi last traded Fed maintains rate 76%, Hike 25bps 17%, Hike >25bps 10%.

The FOMC announces its rate decision on the second day of its September 14-15 2027 meeting. The meeting is one of the four in 2027 that comes with a Summary of Economic Projections - the "dot plot" - and a press conference. On 21 September 2026 Kalshi last traded Fed maintains rate 59%, Hike 25bps 20%, Cut 25bps 6%.

The FOMC announces its rate decision on the second day of its October 26-27 2027 meeting. On 21 September 2026 Kalshi last traded Fed maintains rate 54%, Hike 25bps 46%, Cut 25bps 7%.

The FOMC announces its rate decision on the second day of its December 7-8 2027 meeting. The meeting is one of the four in 2027 that comes with a Summary of Economic Projections - the "dot plot" - and a press conference. On 21 September 2026 Kalshi last traded Fed maintains rate 73%, Cut 25bps 13%, Hike 25bps 6%.