Federal Reserve FOMC Policy Meeting June 12-13, Interest Rate Hike

FOMC Press Conference

LIVE June 13, 2018, at 2:30pm EDT.

The Federal Reserve (federalreserve.gov) FOMC started its two-day policy meeting on Tuesday, and as expected announced another increase in near-term interest rates of 25 basis points [0.25%] on Wednesday, as well as release a Summary of Economic Projections. A press conference by the Federal Reserve Chairman Jerome H. Powell scheduled for Wednesday afternoon at approximately 2:30 pm EDT, LIVE here embed above.

FOMC's target federal funds rate or range, change (basis points) and level

The Fed - Federal Open Market Committee (FOMC) | federalreserve.gov: 2018 Committee Members Jerome H. Powell, Board of Governors, Chairman; William C. Dudley, New York, Vice Chairman; Thomas I. Barkin, Richmond; Raphael W. Bostic, Atlanta; Lael Brainard, Board of Governors; Loretta J. Mester, Cleveland; Randal K. Quarles, Board of Governors; John C. Williams, San Francisco.

Compare the above rates with the European Central Bank(ECB) rates:

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Charles Schwab: The Fed Still A Long Way From Normalizing Interest Rates

UPDATE: FOMC Live Press Conference March 21, 2018

LIVE 2:30 pm EDT March 21, 2018

Federal Reserve Monetary Policy:

3/21/2018 Federal Reserve Board and Federal Open Market Committee release economic projections from the March 20-21 FOMC meeting

3/21/2018 Federal Reserve issues FOMC statement (0.25 increase), excerpt:

"In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1-1/2 to 1-3/4 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation."

The Fed is still a long way from normalizing interest rates says Charles Schwab:

FoxBusiness.com video above published Mar 16, 2018:  Charles Schwab Corporation founder Charles Schwab discusses the Fed, President Trump’s tariffs plan and the impact on the U.S. labor force.

NASDAQ Composite UP +6.68% this year (since close of trading in 2017).

The Fed | 2018 Meeting calendars and information:
March 20-21* -- March 21 at 2:30 p.m. EDT:  FOMC Meeting Press Conference
May 1-2
June 12-13*
Jul/Aug 31-1
September 25-26*
November 7-8
December 18-19*
*Meeting associated with a Summary of Economic Projections and a press conference by the Chair.

Chairman Powell Introduction Video

Federal Reserve Board video above published Feb 5, 2018. Chairman Powell's bio.
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