Fed votes to continue taper, lowers growth expectations

Fed votes to continue taper, lowers growth expectations

Mortgage applications shoot up 14.8% Pent-up demand from the holidays likely fueled the solid jump in mortgage applications last week. Total application volume rose 8.3 percent during the first week of the year from the previous week.

Bernanke, in remarks likely to reinforce expectations the Fed will not taper until next year, said officials want evidence of durable job growth before scaling back buying. “The FOMC still expects.

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The Fed has done almost exactly what it signaled over the last few weeks – no more (there was no “shock and awe”) and no less. There is an implicit commitment to continue buying. will promote.

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Texas Border Business According to BBVA Compass Bank, there will be plenty Fed communications to digest when the September meeting ends Wednesday. The meeting will likely result in a Fed statement with changes in the balance sheet policy on asset purchases, revised economic projections and, of course, the much-awaited Chairman’s press conference.

 · A “HIGH BAR” TO HALT TAPER . Most expect the Fed to continue to trim the program by $10 billion a month at each of its upcoming policy-setting meetings.

If growth surprised to the upside and there was a nontrivial rise in inflation, inflation expectations or significant increase in wages pressures, the FOMC may begin to reconsider raising rates at.

The Fed is “doubling down” on the dovish position first adopted in January, said Brian Bethune, an adjunct professor of economics at Tufts University. Adding to the easy policy stance, senior Fed.

Don’t Keep Your Powder Dry’ Investors have gone from debating whether the Federal Reserve will lower. New York Fed.

By a vote of 9 to 1. Since September 2012, the Fed has been buying bonds hoping to drive down long-term rates and spur growth. In May, Fed chairman ben bernanke said that the central bank may be.

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The Fed decided at the gathering to continue its bond-buying at current levels, surprising investors who had expected a reduction in the monthly purchases. The program is aimed at lowering long-term.

Earlier today, we learned that GDP growth decelerated to just 0.1% in Q1 from 2.6% in Q4. The FOMC also reiterated that the taper will continue as long as the economy keeps humming.

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