Fed hikes key rate and unveils plan to pare bond holdings

Jun 15, 2017

Fed hikes key rate and unveils plan to pare bond holdings

The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which ...

/ Oct 30, 2014

Fed ends bond buying, cites brighter job market

The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike. The Fed reiterated its plan to maintain its benchmark short-term rate ...

Aug 21, 2014

U.S. job market gains yet to convince Fed to hike rates

The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn’t want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting. Policymakers “generally agreed” improvements in ...