Posts filed under ‘Federal Reserve’

FOMC Statement Shows Tapering Of Quantitative Easing Purchases

According to a statement provided by the Federal Open Market Committee of the Federal Reserve, the committee has approved another reduction of the Fed’s monthly asset purchases.

Continue Reading February 4, 2014 at 8:46 am Leave a comment

Fed Minutes Predicts Tapering Of Quantitative Easing Program

Housing Starts exceeded expectations and also beat October’s reading of 889,000. November housing starts were posted at 1.09 million against a consensus of 963,000. This reading is more in line with the NAHB/Wells Fargo Home builder Market Index, which reached a four month high with December’s reading.

Continue Reading December 19, 2013 at 8:45 am Leave a comment

Fed Meeting Minutes Show Hope In Economic Growth

The minutes of the Federal Reserve’s Federal Open Market Committee meeting held October 29 and 30 were released Wednesday. The meeting began with a report from the Manager of the System Open Market Account and included updates on developments within domestic and foreign financial markets.

Continue Reading November 21, 2013 at 8:46 am Leave a comment

Fed Meeting Minutes Expose Mortgage Rates As Remaining Historically Low

The Federal Open Market Committee of the Federal Reserve decided not to reduce the Fed’s current quantitative easing program of purchasing $85 billion monthly in Treasury securities and mortgage-backed securities.

Continue Reading September 19, 2013 at 8:45 am Leave a comment

Fed Meeting Minutes Reflect Support For Reducing QE Program

The minutes of last month’s Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fed’s current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower long-term interest rates including mortgage rates.

Continue Reading August 22, 2013 at 8:45 am Leave a comment

Fed Meeting Statement Positive For Ongoing Mortgage Sector Support

There was potentially good news for mortgage rates on Wednesday as the Fed’s Federal Open Market Committee (FOMC) announced that its quantitative easing (QE) program would remain unchanged for the present.

Continue Reading August 1, 2013 at 8:46 am Leave a comment

FOMC Minutes Reveal Fed May Curb Economic Support Program Before Year End

The minutes for June’s meeting of the Federal Open Market Committee (FOMC) suggest that committee members are mostly in agreement that the current quantitative easing program (QE) should begin winding down by year end.

Continue Reading July 11, 2013 at 8:46 am Leave a comment

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Don Grimes

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