WASHINGTON – With net income margins being squeezed tighter and tighter, credit unions have their eye on what the Federal Open Market Committee, the monetary policy arm of the Federal Reserve, is going to do next.
Most economists have said they expect the Fed is finished-or nearly finished-raising its funds target rate, which currently stands at 5.25%.
The FOMC recently released its tentative schedule for when it will meet next year so credit unions can continue to follow the rate setting body. Here you go: Jan. 30-31 (Tuesday-Wednesday) March 20-21 (Tuesday-Wednesday) May 9 (Wednesday) June 27-28 (Wednesday-Thursday) Aug. 7 (Tuesday) Sept. 18 (Tuesday) Oct. 30-31 (Tuesday-Wednesday) Dec. 11 (Tuesday) Jan. 29-30, 2008 (Tuesday-Wednesday)
Recommended For You
The number of two-day meetings has increased compared to recent years to allow more opportunity for in-depth discussion of economic issues, the FOMC stated.
Additionally, the FOMC's October 2006 meeting has been expanded to two days, Oct. 24-25, to permit time for discussion on communications issues.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
