Keep pulling the thread on Federal Open Market Committee.
The Federal Open Market Committee (FOMC) voted unanimously to leave interest rates unchanged.
The Federal Reserve held its benchmark federal funds rate steady in a range of 3.5% to 3.75%.
Federal Reserve officials signaled their next policy move may be to raise interest rates, not cut them, due to the outlook for higher inflation.
Federal Reserve Chair Kevin Warsh stated that the Federal Open Market Committee is unambiguous and unanimous in its commitment to deliver price stability.
Federal Reserve Chair Kevin Warsh announced that the central bank has dropped its use of forward guidance in its communications.
Jeffrey Roche of LPL Financial believes Fed Chair Kevin Warsh adopted a hawkish tone in his first meeting to establish credibility with the bond market and counter perceptions of being dovish.
Jeffrey Roche of LPL Financial argues that the Federal Reserve has not truly eliminated forward guidance, as the Summary of Economic Projections and its dot plots still provide significant information to markets.
Federal Reserve Chair Kevin Warsh announced the creation of five task forces aimed at changing the way the central bank operates.
One of the five new task forces established by the Federal Reserve will focus on improving data collection and updating methodologies for economic data.
U.S. money markets are fully pricing in a quarter-point Federal Reserve interest rate hike by October.
U.S. money markets have fully priced in an additional Federal Reserve interest rate hike by March of the following year.
Jeffrey Roche of LPL Financial believes that money markets are 'ahead of themselves' in pricing future Federal Reserve rate hikes because current inflationary pressures are largely supply-driven and can reverse quickly.