Arab Today, arab today fed to unveil rate forecasts from january
Last Updated : GMT 13:41:30
Arab Today, arab today
Arab Today, arab today

Fed to unveil rate forecasts from January

Arab Today, arab today

Arab Today, arab today Fed to unveil rate forecasts from January

London - AFP

The Federal Reserve will begin to publish interest rate projections in economic forecasts this month, a major effort to improve communications with the public and financial markets. Fed officials at a December 13 policy-setting meeting "decided to incorporate information about their projections of appropriate monetary policy" into their quarterly economic outlook reports, the minutes of the meeting released Tuesday revealed. Analysts noted that minutes from Federal Open Market Committee (FOMC) meetings typically hold few surprises, but this time marked a huge leap toward transparency. "The Fed took a giant step towards enhancing the clarity and transparency of monetary policy by agreeing to include explicit interest rate forecasts in its quarterly projections," said Paul Edelstein at international consultancy IHS Global Insight. Some Fed officials are pressing for a further overhaul in communications, the minutes suggested. The Fed's interest rates information will be included in the next batch of US economic forecasts, known as the Summary of Economic Projections, at the end of a two-day FOMC meeting on January 25. "The SEP will include information about participants' projections of the appropriate level of the target federal funds rate in the fourth quarter of the current year and the next few calendar years, and over the longer run," the minutes said. In addition, the economic forecasts will include the FOMC's projections of the "likely timing" of the first increase in the target rate. "A number" of participants at the December meeting noted their "dissatisfaction" with the FOMC's current approach for communicating its views regarding the appropriate path for monetary policy, the minutes said. They "suggested further enhancements to the SEP," and Fed chairman Ben Bernanke asked a subcommittee "to explore such enhancements over coming months." The benchmark federal funds rate is the overnight interest rate used in interbank lending. The Fed has kept the rate ultra-low, between zero and 0.25 percentage point, since December 2008 in a bid to support recovery from steep recession. In its post-FOMC December statement, the policy makers reiterated that weak economic conditions "are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013." Only one member, Charles Evans, cast a dissenting vote, calling for more stimulus to jump-start the weak recovery. However, the minutes revealed divisions among participants over strategy. Some said the repeated reference to mid-2013 "might need to be adjusted before long." A number of members indicated that current and future economic conditions "could well warrant additional policy accommodation," but to be more effective, any further actions would need to be accompanied by better communication of the FOMC's longer-run goals and policy framework. A few others continued to argue that maintaining the extremely loose monetary policy beyond the near term "would likely be inappropriate" given their perspectives on economic activity and inflation. The minutes showed Fed policymakers had seen little change in economic conditions since their November 1-2 meeting, the last time they released economic projections on economic growth, unemployment and inflation. The economy was expanding moderately, inflation was tame and high unemployment -- at8.6 percent in November -- would decline only gradually. But the new communications approach on future rate changes should help the financial markets, said Michael Gregory at BMO Capital Markets. Gregory said it was unclear whether that would be on a quarterly or monthly basis "but this will assist the market in constructing the expected path for the Fed funds rate."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fed to unveil rate forecasts from january Arab Today, arab today fed to unveil rate forecasts from january

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fed to unveil rate forecasts from january Arab Today, arab today fed to unveil rate forecasts from january

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday