Overview The central bank of the United States that is entrusted with the responsibility of making sure the nation has a flexible, safer, and stable monetary and financial system is known as the Federal Reserve or just the Fed. The Congress created this system after President Woodrow Wilson signed the agreement that made the Federal […]
Tag Archive | "Federal Open Market Committee"
Who Is The Fed? And What Does The FOMC Do? The key to understanding the Fed and the Federal Open Market Committee (FOMC) is to know that all the cash in the country and the world is only a small fraction of the amount of money in the economy at any given time. Most of […]
The question ‘What is the Federal Reserve?’ has been asked countless times by countless news watchers and home owners that are trying to understand how the FED affects mortgage rates and finance in general. Known as the Fed, this body is the independent central bank of the United States. So why all the uncertainty? Most […]
Yesterday the Federal Open Market Committee, otherwise known as the FOMC or FED released its minutes for the March 13, 2012 FOMC meeting. These minutes outline the meeting and are typically released 3 weeks post meeting. During FOMC meetings, member discuss the state of the economy based on their most recent available data and vote on […]
The FOMC (Federal Open Market Committee) or FED concluded its one day meeting on Tuesday where it chose to leave the overnight funds rate (the rate at which banks lend money to each other) at a range of 0.00% to 0.25%, for the fourth straight month. Key Takeaways From the Fed About Current Conditions Labor […]
Last week saw mortgage rates waiver, with most movement being sideways, which was a bit of a surprise. Many market watchers expected positive positive employment data and a resolution to the Greek Debt debacle to cause mortgage rates to rise significantly, which did not occur. Last week saw the Labor Department release the monthly Employment […]