FOMC Likely To Raise Funds Rate Again

Oct. 12, 2005
At its next scheduled meeting, on November 1, the voting members of the Federal Open Market Committee (FOMC) are likely to again raise the influential federal funds target rate. The only question is by how much. Since June 2004, the FOMC has been ...

At its next scheduled meeting, on November 1, the voting members of the Federal Open Market Committee (FOMC) are likely to again raise the influential federal funds target rate. The only question is by how much.

Since June 2004, the FOMC has been raising the funds target rate in quarter-point increments. The federal funds target rate, the interest that banks charge each other on overnight loans, is now 3.75%. Even at that level, "the federal funds rate would likely be below the level that would be necessary to contain inflationary pressures, and further rate increases probably would be required," state notes from the FOMC's most recent meeting on September 20.

Likely scenario: The FOMC will raise the federal funds target rate 25 basis points at each of its two remaining meetings this year, on November 1 and December 13.

Popular Sponsored Recommendations

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

Moving Sustainability Forward in Manufacturing

Aug. 9, 2023
This paper presents results of a survey of industrial end users. Respondents provided feedback on a range of topics including their company’s sustainability priorities, current...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!