MoneyRates Blog
Interest Rates and the Fed Inflation Target
February 28, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
Fed Chairman Ben Bernanke, a long-time proponent of inflation-targeting, has set a specific inflation target of 1.5% to 2% over three years in a semi-annual FOMC report to Congress. Bernanke and the Fed were thought to have set a target as low as 1% to 2% so the “new” target range gives the Fed a [...]
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Forecasting the Federal Funds Rate
July 10, 2007
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The Federal Funds rate is the most closely monitored rate set by the Federal Reserve. Economists and Fed watchers will make predictions about the future of the benchmark rate after nearly every economic release. Typically, the language in the statements released by the Fed is not enough to give a clear indication of how the [...]
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