June Federal Reserve meeting minutes shows split on inflation outlook and asset sales

Federal Reserve policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises.

The details of the meeting, at which the U.S. central bank voted to raise interest rates, also showed that several officials wanted to announce a start to the process of reducing the Fed's large portfolio of Treasury bonds and mortgage-backed securities by the end of August but others wanted to wait until later in the year.

READ MORE

Federal Reserve delays future interest rate hike due largely to Brexit fall-out

Federal Reserve officials, already worried about surprisingly weak U.S. job growth, expressed concerns at their most recent meeting last month over the potential economic and financial market consequences of a British vote to leave the European Union.  Consequently, they decided on June 15 to hold their benchmark interest rate steady at between 0.25% and 0.5%.

They also said they wanted to see more data to determine if May's low job growth of 38,000 was an exception or a sign of a more pronounced labor market slowdown.

READ MORE

BuilderBytes' MetroIntelligence Economic Update for 1/7/13

Please click here to see the edition of BuilderBytes for 1/7/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Jobs rise by 155,000 in December as unemployment rate remains essentially unchanged at 7.8%
• Manufacturing activity rebounded in December following one month of decline
• Service sector economy continued to expand in December
• Federal Reserve minutes show QE3 ending in 2013 as economy continues to improve

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.