FOMC

• Fed: Low Rates Will Continue Through Mid-2015

  By Heather Anderson  |  September 13, 2012

  Credit union CEO says low rates continue to tighten interest income spread while industry remains "averse" to boosting fee income.

• Members May be Swayed More by Economy’s Slowdown

  By Michelle A. Samaad  |  August 3, 2012

  For some members, unstable home values, job insecurity and volatile stock market fears may be more of a concern than rates at their credit unions.

• Bernanke Tells Senate Fed Has No Immediate Easing Plans

  By Heather Anderson  |  July 17, 2012

  Fed chair to address Senate today, House on Wednesday in semiannual report to Congress.

• Fed to Maintain Current Funds Rate

  By Heather Anderson  |  June 20, 2012

  The Federal Reserve’s Open Market Committee announced Wednesday it will keep the target range for the federal funds rate at 0% to 0.25%.

• No Action for Fed Rate This Quarter

  By Heather Anderson  |  April 25, 2012

  The Federal Open Market Committee on Wednesday maintained the federal funds rate at a range of zero to 0.25%.

• Unemployment, Housing Woes Still a Drag on Economy

  By Michelle A. Samaad  |  May 16, 2011

  As members continue to navigate in an economy still balancing on an unsteady tightrope, high unemployment and inflation may be the major drivers behind the Federal Reserve Board’s decision to raise interest rates.