Newsroom
October 28, 2014
FOMC expected to end tapering program
The Federal Open Market Committee is expected to issue a policy statement announcing the end of its tapering in the Federal Reserve's asset purchase program following the close of its two-day meeting today.
After its September meeting, the FOMC announced it would reduce the pace of asset purchases by $10 billion, to the current pace of $15 billion per month. NAFCU Chief Economist and Director of Research Curt Long said the committee's forward guidance on when it will raise interest rates in the future will be the main point of interest for this meeting.
"The Fed will likely be very cautious about altering the forward guidance," Long said. "Time and time again, Fed policymakers have stressed that their actions will be data-dependent, but if the past is any guide, markets will react strongly to any change in the language."
October has been expected to be the committee's target date for wrapping up the quantitative easing program.
After its September meeting, the FOMC announced it would reduce the pace of asset purchases by $10 billion, to the current pace of $15 billion per month. NAFCU Chief Economist and Director of Research Curt Long said the committee's forward guidance on when it will raise interest rates in the future will be the main point of interest for this meeting.
"The Fed will likely be very cautious about altering the forward guidance," Long said. "Time and time again, Fed policymakers have stressed that their actions will be data-dependent, but if the past is any guide, markets will react strongly to any change in the language."
October has been expected to be the committee's target date for wrapping up the quantitative easing program.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.