The Federal Reserve Open Market Committee estimate of GDP for 2013 shows an increase between 2.3 and 2.8 percent, including the cuts.
When the Federal Reserve Open Market Committee met in June, more bond purchases to push down long-term Treasury and mortgage rates were already on the table.
Now, our estimate of growth in 2010 is virtually identical to the consensus of private forecasters surveyed by the Blue Chip Economic Indicators and is right smack in the middle of the central tendency of the Federal Reserve's Federal Open Market Committee forecast that was released back in November.
At the same time, the U.S. Federal Reserve's Open Market Committee began a two-day rate-setting meeting.
The Federal Reserve's Open Market Committee raised short-term interest rates today by one-quarter point, to 5.25%, but indicated it was nearing an end to its two-year campaign to throttle inflation.
The Federal Reserve's Open Market Committee meeting Wednesday finally provided an answer to speculations about the central bank's direct infusion of cash into U.S. markets through a round of quantitative easing.
FORBES: Fed Taunts Inflation Demons With Quantitative Easing
The Federal Reserve's next open market committee meeting on March 31st will surely give attention to the matter.
To add to that liquidity, the Federal Reserve will hold its Open Market Committee meeting on November 2 and 3, in which it is expected to discuss in more concrete details its plans to launch a round of quantitative easing to relax interest rates and stimulate lending.
However, the data pace picks up speed Tuesday as the Federal Open Market Committee of the Federal Reserve meets to discuss monetary policy.
FORBES: Comex Gold Ends Lower, at 2-Week Low, Amid Bearish Outside Markets
The Federal Open Market Committee, the Federal Reserve's policy-setting panel, has reiterated plans to keep rates at exceptionally low levels at least through late 2014.
The big U.S. economic event of the week comes Wednesday afternoon when the Federal Open Market Committee of the Federal Reserve issues a statement following its two-day meeting.
FORBES: Comex Gold Weaker On More Profit Taking, Consolidation
After 36 years in the Federal Reserve System, including almost 14 years as president of the Dallas Fed and a member of the Federal Open Market Committee, I'm astonished at how far this Fed has gone beyond what had been normal, prudent central bank practices.
Many market watchers are looking ahead to the two-day Federal Open Market Committee meeting, where the Federal Reserve reviews monetary policy.
Observers of America's Federal Reserve picked over the minutes of November's Federal Open Market Committee meeting and predicted that the central bank will soon end its cycle of interest-rate rises.
The Federal Open Market Committee (FOMC) of the Federal Reserve today released its customary statement after its meeting.
Federal Reserve Chairman Ben Bernanke and his fellow members of the Federal Open Market Committee indicated that a pause in the economic recovery has given way to moderate economic growth once again, and offered no signal that its current monetary policy is at risk of drastic alterations.
FORBES: Fed Still Coasting: No Plan To Change Policy Until Jobs Outlook Improves
On Tuesday, January 30, the Federal Open Market Committee, the U.S. Federal Reserve's top policymaking group, is scheduled to meet in Washington.
Now, focus of the market place is squarely on the two-day meeting of the Federal Open Market Committee of the U.S. Federal Reserve, starting Wednesday.
FORBES: Gold Rallies, at 6-Mo. High, Following German Court Ruling
Now, focus of the market place is squarely on the two-day meeting of the Federal Open Market Committee of the U.S. Federal Reserve, which started Wednesday.
FORBES: Comex Gold Ends Slightly Lower on Profit Taking, Position Evening as FOMC Looms
The latest statement from the Federal Open Market Committee of the U.S. Federal Reserve, was just a bit more hawkish on U.S. monetary policy, hinting that some pre-emptive monetary policy tightening could occur, or at least reduced accommodative Fed actions, in the next year and-a-half.
FORBES: Comex Gold Ends Firmer on Bargain Hunting, But Firming U.S. Dollar Index Limits Gains
Prices late Tuesday sold off rapidly in the wake of bearishly construed minutes of the last Federal Open Market Committee meeting of the U.S. Federal Reserve.
FORBES: Comex Gold Sharply Lower, At 11-Week Low, As Fresh Near-Term Chart Damage Inflicted
Comex gold futures prices were trading sharply lower in afternoon trading Tuesday, in a strongly bearish response to the afternoon release of the minutes of the last Federal Open Market Committee meeting of the U.S. Federal Reserve.
FORBES: P.M. Kitco Metals Roundup: Comex Gold Tumbles Late On Bearishly Construed FOMC Minutes
Also next week, the Federal Reserve will release it Beige Book, which was prepared ahead of a Federal Open Market Committee meeting later this month.
FORBES: METALS OUTLOOK: Uncertain Outlook For Gold Next Week
The U.S. Federal Reserve held its key interest rate unchanged at 5.25% at its Open Market Committee meeting today, but left the door open for possible future increases.
Attention of the market place is also turning to the Federal Open Market Committee monetary policy meeting of the U.S. Federal Reserve, which starts Tuesday and ends Wednesday.
While the bailout saga in Cyprus has the potential to stir global markets again, the U.S. Federal Open Market Committee's policy statement after the European close and Federal Reserve Chairman Ben Bernanke's news conference may hold some attention.
As a reminder, the FOMC, the Federal Open Market Committee, is the group that makes monetary policy within the Federal Reserve.
FORBES: Removing Reserve Bank Presidents From FOMC: Another Bad Idea
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