Yesterday, the Federal Open Market Committee convened to decide on the Fed’s monetary policy and US interest rate. As expected the FOMC decided to keep the US interest rate unchanged at 0% to 0.25%. In the meeting there were no…
Tag: us inflation rate
Examining the Fed’s policy and its potential effect on oil prices
On Friday, February 4th, Federal Reserve Chairman – Ben Bernanke gave a speech on the monetary policy of the Federal Reserve for the near future. He said that the Fed will continue with its plan to purchase treasury worth of…
US inflation rises due to energy price hike – 18 January
The bureau of labor statistics published last week, on January 14th its report on the consumer price index. The report showed an increase in the CPI by 0.5 percent points. Thus the current US inflation rate on a yearly scale…