Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Fed's Monetary Policymakers Meet This Week
WASHINGTON (6/18/13)--The Federal Reserve will release its most recent forecast of growth, inflation and unemployment at the conclusion of its Federal Open Market Committee (FOMC) monthly policy meeting today and Wednesday.

On average, private-sector economists predict the economy will grow 2.3% in 2013 and 2.8% in 2014, according to The Wall Street Journal's Monthly Survey. However, the Fed is more upbeat, forecasting roughly 2.6% growth this year and 3.2% next year, in its most recent growth projections (The Wall Street Journal June 17).

Although Fed officials are not expected to alter their $85-billion-per-month bond-buying program--launched to boost national growth by keeping long-term interest rates down and boosting asset prices--what they indicate about the economy will transmit key signals about what they likely will do in the future, the Journal said.

If the economy continues to show signs of improvement, the Fed could begin to cut the amount of monthly bond purchases in the next few months, Fed Chairman Ben Bernanke said in recent congressional testimony, the Journal noted.

News Now will provide coverage of the FOMC statement at the conclusion of its meeting Wednesday.
RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
23 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
1 Day ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
1 Day ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
1 Day ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
1 Day ago