Fed Raises Interest Rates, First Rate Hike This Year

The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets.

Fed Raises Interest Rates Second Time in Three Months

The Federal Reserve raised its benchmark rate for the second time in three months, this time to a range between 0.75% and 1%.

FOMC: Only Gradual Increases in Fed Funds Rate Expected

At their most recent meeting, Federal Reserve policymakers said they expect economic conditions will evolve in a manner that will warrant only gradual increases in the fed funds rate.

Federal Reserve Approves 20 Reappointments

The Federal Reserve Board approved the reappointment of 10 Federal Reserve Bank presidents and 10 first vice presidents by their respective boards of directors. Each individual has been approved to serve a new five-year term beginning March 1, 2016.

Fed: Business Investment Resumes Advance

In its latest meeting of the FOMC, the Fed said growth in economic activity has rebounded in recent months and noted that business fixed investment resumed its advance.

Fed May Need to Update Interest Rate Guide

Reuters notes in a report that the Fed’s ability to control rates is much harder now that it has $2.5 trillion in reserves compared to when the banking system had about $800 billion in excess cash.

FOMC Minutes Show Broad Support for Tapering Timeline

Bloomberg reported that Fed policy makers considering when to reduce bond buying were “broadly comfortable” with chairman Bernanke’s plan to taper this year if the economy strengthens.