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Outcome of Today's FOMC Meeting

Summary

Per the expectation of virtually everyone, the Federal Open Market Committee today announced its decision to increase the target rate on federal funds by 25 basis points, from 2.50% to 2.75%.  Concurrently, the Federal Reserve Board of Governors announced a quarter-point increase in the Discount Rate, from 3.50% to 3.75%.  As I expected, the post-meeting statement did contain some critical shifts, although they were subtle ones.

http://www.gillespieresearch.com/cgi-bin/s/article/id=502

 

 

 

 

 

 

 

 

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