Recent Updates
- France: Registered Unemployment & Job Vacancies (Aug)
- US: Employment by Industry by Region and State (2016)
- US: Personal Income by Region and State (2016)
- US: Personal Income by Region and State (Q2)
- US: S&P CoreLogic Case-Shiller Home Price Indexes (Jul)
- Spain: Credit Institutions' Balance Sheet (Jul)
- Turkey: Vehicle Sales and Production (Aug); Israel: Person Nights in Tourist Hotels (Aug); South Africa: Leading Indicators (Jul), Manufacturing Survey (Q3); Zambia: IP (2016);
- more updates...
Economy in Brief
NABE 2018 Forecast Unchanged: Moderate GDP Growth &
Stronger Price Inflation
The National Association for Business Economics expects
2.4% real U.S. economic growth in 2018...
Texas Factory Sector Growth Strengthens
The Federal Reserve Bank of Dallas indicated in its Texas
Manufacturing Outlook Survey that the September General Business Activity Index
rose to 21.3 from 17.0 in August...
Germany IFO Survey Edges Lower... but Remains Very Strong
The IFO business situation diffusion index backed off to 35.1 in September from 37.1 in August...
Philadelphia Fed Factory Conditions Index Rebounds
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased roughly five points to 23.8 during September...
EMU PMIs: Manufacturing Pushes Higher As Service Sector Languishes
Based on the last five and one-half years of data, the EMU region is doing excellently...
U.S. Financial Accounts Show Larger Borrowing, Mainly by the Federal Government
Borrowing in U.S. financial markets picked up in Q2 2017, according to the Federal Reserve's Financial Accounts data...
by Tom Moeller July 26, 2017
At today's meeting of the Federal Open Market Committee, the targeted federal funds rate was held steady in a range of 1.00% to 1.25%. This followed two increases earlier this year.
Additionally, the Fed indicated that shrinking its bondholdings would begin "relatively soon."
The Fed expects moderate economic growth to continue and that inflation would stabilize near its two percent objective.
The press release for today's FOMC meeting can be found here.
Haver's SURVEYS database contains the economic projections from the Federal Reserve Board.
| Current | Last | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|
| Federal Funds Rate Target | 1.00%-1.25% | 1.00%-1.25% | 0.40% | 0.13% | 0.09% | 0.11% |
