The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under United States law with overseeing the nation's open market operations (i.e., the Fed's buying and selling of United States Treasury securities). It is this Federal Reserve committee which makes key decisions about interest rates and the growth of the United States money supply.
The FOMC is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the short-term objective for the Fed's open market operations, which is usually a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight loans).
The FOMC also directs operations undertaken by the Federal Reserve System in foreign exchange markets, although any intervention in foreign exchange markets is coordinated with the U.S. Treasury, which has responsibility for formulating U.S. policies regarding the exchange value of the dollar.
The Twilight Shoreliner replaced the Night Owl as Amtrak's dedicated overnight service on the Northeast Corridor. Amtrak equipped the train with a Viewliner sleeping car, replacing the Heritage Fleet equipment used by the Night Owl. The new train also featured a Custom-class coach and the specially-branded "Twilight Café," which served hot meals and was restricted to sleeper- and custom-class passengers. Finally, Amtrak extended the southern terminus from Washington, D.C. to Newport News, Virginia and moved the departure time from Boston from 10 PM to 8 PM. The Twilight Shoreliner provided a second daily frequency between the Northeast and Newport News, supplementing the Old Dominion.
Federal-style architecture is the name for the classicizing architecture built in North America between c. 1780 and 1830, and particularly from 1785 to 1815, mostly from the two brothers, Robert Adam and James Adam. This style shares its name with its era, the Federal Period. The name Federal style is also used in association with furniture design in the United States of the same time period. The style broadly corresponds to the classicism of Biedermeier style in the German-speaking lands, Regency style in Britain and to the French Empire style.
Characteristics
In the early American republic, the founding generation consciously chose to associate the nation with the ancient democracies of Greece and the republican values of Rome. Grecian aspirations informed the Greek Revival, lasting into the 1850s. Using Roman architectural vocabulary, the Federal style applied to the balanced and symmetrical version of Georgian architecture that had been practiced in the American colonies' new motifs of neoclassical architecture as it was epitomized in Britain by Robert Adam, who published his designs in 1792.
An Open in sportsterminology refers to a sporting event or game tournament that is open to contestants regardless of their professional or amateur status, age, ability, gender, sex, or other categorization. In many sports, preliminary qualifying events, open to all entrants, are held to successively reduce the field to a manageable number for participation in a final championship event, which itself may involve elimination rounds.
The term 'Open' may not be absolute. For example, in the U.S. Open in golf, entrants at qualifying events must have a USGA official handicap of 1.4 or less. Other minimum performance standards or eligibility criteria may apply in other sports.
Open is a monthly Mexican lifestyle magazine published by Editorial Metrosexual. Founded in 2005, the magazine covers different topics in each issue, such as art, cars, travel, restaurants, sex, gadgets and every other subject related to trendy men.
The covers of the magazine have always been portrayed by the most "in" men in the arts, business, sports and culture such as Diego Torres, Alfredo Harp Calderoni, David Bisbal, Hugh Jackman and soccer player Rafael Márquez. The April's issue cover portrayed Alejandra Guzmán dressed as a man.
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems.
published: 27 Mar 2019
Fed Open Market Operations
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/federal-reserve/v/fed-open-market-operations
Fed Open Market Operations
More free lessons at: http://www.khanacademy.org/video?v=wDuCOxDxMzY
published: 11 May 2011
what is the federal open market committee | FOMC: Definition
what is the federal open market committee | FOMC: Definition
What Is the Federal Open Market Committee—FOMC?
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC meets several times a year to discuss whether to maintain or change current policy. A vote to change policy would result in either buying or selling U.S. government securities on the open market to promote the growth of the national economy.
Who Are the FOMC Members?
The FOMC consists of the board of governors, which has seven members, and five Federal Reserve Bank presidents. Members of the committee are typically categorized as hawks favoring tighter monetary policies, doves who favor stimulus, or centrists/moderates, somewhere in betwee...
published: 11 Oct 2018
What is The FOMC? All About The Federal Open Market Committee
Essentially, the FOMC is the branch of the Federal Reserve responsible for overseeing the Fed’s open market operations. The FOMC basically dictates monetary policy. It determines when to have an expansionary or dovish monetary policy. Alternatively, it can also choose to have a contractionary or hawkish monetary policy. These key policy decisions all revolve around cutting or hiking the Fed interest rate. Said decisions are based on the growth of the United States money supply, inflation, long-term goals of price stability, and economic growth.
Additionally, the FOMC oversees The Fed interest rate, otherwise known as the federal funds rate. This interest rate is the interest that banks charge each other for overnight loans. The FOMC also works in conjunction with the Federal Reserve Board...
published: 07 Oct 2020
Focus on The Federal Reserve Open Market Committee
This week we will focus on” Federal Reserve Meeting”. This release takes place 8 times per year.
The Federal Reserve is headed by Janet Yellen and several times a year the Open Market Committee referred to as the FOMC meet to determine interest rates and monetary policy for the United States. They also evaluate the current state of the economy. The committee is composed of 12 members -seven of the Board of Governors and 5 of the 12 Reserve Bank presidents.
By Barry Norman, Investors Trading Academy.
published: 21 Oct 2014
Federal Open Market Committee meeting
Miss the FOMC meeting yesterday? Watch our video below and read Tate Lacey's recap here: https://www.cato.org/blog/fedspeak-plain-english
published: 14 Jun 2018
The Key Takeaways From the Latest FOMC Meeting Minutes
Federal Reserve officials at their meeting earlier this month concluded it would soon be appropriate to slow the pace of rate increases, signaling the central bank was leaning toward downshifting to a 50 basis-point hike in December. Mike McKee reports on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
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Facebook: https://www.facebook.com/bloombergbusiness/
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published: 23 Nov 2022
What is The Federal Open Market Committee (FOMC)
Monetary Policy is something used to help grow, or cool off an economy. Who activates it though? and How is it done? The answer lies in the FOMC, and who they are.
Links
FOMC: https://www.thebalance.com/federal-open-market-committee-fomc-3305987
Regional Banks: http://www.mybudget360.com/federal-reserve-system-12-regional-banks-with-1-central-power-base-the-new-york-fed-over-70-percent-of-assets-with-new-york-fed/
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundne...
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems.
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems.
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/...
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/federal-reserve/v/fed-open-market-operations
Fed Open Market Operations
More free lessons at: http://www.khanacademy.org/video?v=wDuCOxDxMzY
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/federal-reserve/v/fed-open-market-operations
Fed Open Market Operations
More free lessons at: http://www.khanacademy.org/video?v=wDuCOxDxMzY
what is the federal open market committee | FOMC: Definition
What Is the Federal Open Market Committee—FOMC?
The Federal Open Market Committee (FOMC) is the br...
what is the federal open market committee | FOMC: Definition
What Is the Federal Open Market Committee—FOMC?
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC meets several times a year to discuss whether to maintain or change current policy. A vote to change policy would result in either buying or selling U.S. government securities on the open market to promote the growth of the national economy.
Who Are the FOMC Members?
The FOMC consists of the board of governors, which has seven members, and five Federal Reserve Bank presidents. Members of the committee are typically categorized as hawks favoring tighter monetary policies, doves who favor stimulus, or centrists/moderates, somewhere in between.
KEY TAKEAWAYS
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy—specifically, by directing open market operations.
The FOMC is composed of the board of governors, which has seven members, and five Federal Reserve Bank presidents.
The Committee has eight regularly scheduled "secret" meetings each year that are the subject of much speculation on Wall Street.
FOMC Chairman
By tradition, the chairman of the FOMC is also the Chair of the Board of Governors. Nominated by President Donald Trump, Jerome Powell was sworn in as the Chair of the Federal Reserve Board on February 5, 2018. Powell is considered a moderate. The members other than the Chair include Randall Quarles, a centrist, and Lael Brainard, a dove. The remaining three positions are left unfilled.
Read full article here: https://thediaryofatrader.com/education/what-is-the-federal-open-market-committee-fomc-definition/
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what is the federal open market committee | FOMC: Definition
What Is the Federal Open Market Committee—FOMC?
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC meets several times a year to discuss whether to maintain or change current policy. A vote to change policy would result in either buying or selling U.S. government securities on the open market to promote the growth of the national economy.
Who Are the FOMC Members?
The FOMC consists of the board of governors, which has seven members, and five Federal Reserve Bank presidents. Members of the committee are typically categorized as hawks favoring tighter monetary policies, doves who favor stimulus, or centrists/moderates, somewhere in between.
KEY TAKEAWAYS
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy—specifically, by directing open market operations.
The FOMC is composed of the board of governors, which has seven members, and five Federal Reserve Bank presidents.
The Committee has eight regularly scheduled "secret" meetings each year that are the subject of much speculation on Wall Street.
FOMC Chairman
By tradition, the chairman of the FOMC is also the Chair of the Board of Governors. Nominated by President Donald Trump, Jerome Powell was sworn in as the Chair of the Federal Reserve Board on February 5, 2018. Powell is considered a moderate. The members other than the Chair include Randall Quarles, a centrist, and Lael Brainard, a dove. The remaining three positions are left unfilled.
Read full article here: https://thediaryofatrader.com/education/what-is-the-federal-open-market-committee-fomc-definition/
So, keep watching and don’t forget to Like, Comment and Subscribe.
Follow us: Website: https://thediaryofatrader.com/
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Essentially, the FOMC is the branch of the Federal Reserve responsible for overseeing the Fed’s open market operations. The FOMC basically dictates monetary pol...
Essentially, the FOMC is the branch of the Federal Reserve responsible for overseeing the Fed’s open market operations. The FOMC basically dictates monetary policy. It determines when to have an expansionary or dovish monetary policy. Alternatively, it can also choose to have a contractionary or hawkish monetary policy. These key policy decisions all revolve around cutting or hiking the Fed interest rate. Said decisions are based on the growth of the United States money supply, inflation, long-term goals of price stability, and economic growth.
Additionally, the FOMC oversees The Fed interest rate, otherwise known as the federal funds rate. This interest rate is the interest that banks charge each other for overnight loans. The FOMC also works in conjunction with the Federal Reserve Board of Governors to control the discount rate and reserve requirements. The discount rate refers to the percentage that the Fed charges member banks to borrow from its discount window. This is necessary for banks to maintain their cash reserve requirements.
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0:00 Music Intro
0:13 Intro
1:08 Disclaimer
1:20 The FOMC
3:52 What does it do?
5:18 Why it is important
6:18 The members
6:46 Interest rate decisions
8:30 Famous decisions
12:22 How traders are impacted
13:52 Trading the FOMC/Final thoughts
Read more about it on our blog
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Essentially, the FOMC is the branch of the Federal Reserve responsible for overseeing the Fed’s open market operations. The FOMC basically dictates monetary policy. It determines when to have an expansionary or dovish monetary policy. Alternatively, it can also choose to have a contractionary or hawkish monetary policy. These key policy decisions all revolve around cutting or hiking the Fed interest rate. Said decisions are based on the growth of the United States money supply, inflation, long-term goals of price stability, and economic growth.
Additionally, the FOMC oversees The Fed interest rate, otherwise known as the federal funds rate. This interest rate is the interest that banks charge each other for overnight loans. The FOMC also works in conjunction with the Federal Reserve Board of Governors to control the discount rate and reserve requirements. The discount rate refers to the percentage that the Fed charges member banks to borrow from its discount window. This is necessary for banks to maintain their cash reserve requirements.
GUARANTEED FUNDING FOR YOU TO START AS A PROFESSIONAL TRADER - :muscle:
Earn Guaranteed Funding With Earn2Trade By Passing The Test! :moneybag: Get Ready for The Gauntlet Mini™ challenge, our intraday futures trading exam, and receive a guaranteed job to work at our prop firm partner!
Do you accept the challenge? https://e2t.to/yt-mini-en
0:00 Music Intro
0:13 Intro
1:08 Disclaimer
1:20 The FOMC
3:52 What does it do?
5:18 Why it is important
6:18 The members
6:46 Interest rate decisions
8:30 Famous decisions
12:22 How traders are impacted
13:52 Trading the FOMC/Final thoughts
Read more about it on our blog
YOUR CAREER AS A PROFESSIONAL TRADER STARTS HERE :point_down:
EDUCATION
:arrow_right:Beginner Crash Course: https://www.earn2trade.com/beginner-cc
:arrow_right:Bootcamp: https://www.earn2trade.com/bootcamp
GET FUNDED
:arrow_right:Gauntlet Mini: https://e2t.to/yt-mini-en
Follow us on our social media accounts and be part of a great community of traders :grinning::muscle:
Instagram: https://instagram.com/earn2trade
Facebook: https://www.facebook.com/earn2trade/
Twitter: https://twitter.com/earn2trade
This week we will focus on” Federal Reserve Meeting”. This release takes place 8 times per year.
The Federal Reserve is headed by Janet Yellen and several time...
This week we will focus on” Federal Reserve Meeting”. This release takes place 8 times per year.
The Federal Reserve is headed by Janet Yellen and several times a year the Open Market Committee referred to as the FOMC meet to determine interest rates and monetary policy for the United States. They also evaluate the current state of the economy. The committee is composed of 12 members -seven of the Board of Governors and 5 of the 12 Reserve Bank presidents.
By Barry Norman, Investors Trading Academy.
This week we will focus on” Federal Reserve Meeting”. This release takes place 8 times per year.
The Federal Reserve is headed by Janet Yellen and several times a year the Open Market Committee referred to as the FOMC meet to determine interest rates and monetary policy for the United States. They also evaluate the current state of the economy. The committee is composed of 12 members -seven of the Board of Governors and 5 of the 12 Reserve Bank presidents.
By Barry Norman, Investors Trading Academy.
Federal Reserve officials at their meeting earlier this month concluded it would soon be appropriate to slow the pace of rate increases, signaling the central b...
Federal Reserve officials at their meeting earlier this month concluded it would soon be appropriate to slow the pace of rate increases, signaling the central bank was leaning toward downshifting to a 50 basis-point hike in December. Mike McKee reports on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
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Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
Federal Reserve officials at their meeting earlier this month concluded it would soon be appropriate to slow the pace of rate increases, signaling the central bank was leaning toward downshifting to a 50 basis-point hike in December. Mike McKee reports on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
Monetary Policy is something used to help grow, or cool off an economy. Who activates it though? and How is it done? The answer lies in the FOMC, and who they a...
Monetary Policy is something used to help grow, or cool off an economy. Who activates it though? and How is it done? The answer lies in the FOMC, and who they are.
Links
FOMC: https://www.thebalance.com/federal-open-market-committee-fomc-3305987
Regional Banks: http://www.mybudget360.com/federal-reserve-system-12-regional-banks-with-1-central-power-base-the-new-york-fed-over-70-percent-of-assets-with-new-york-fed/
Monetary Policy is something used to help grow, or cool off an economy. Who activates it though? and How is it done? The answer lies in the FOMC, and who they are.
Links
FOMC: https://www.thebalance.com/federal-open-market-committee-fomc-3305987
Regional Banks: http://www.mybudget360.com/federal-reserve-system-12-regional-banks-with-1-central-power-base-the-new-york-fed-over-70-percent-of-assets-with-new-york-fed/
Amtrak's Twilight Shoreliner (circa early 2000's) on the Old Colony Railroad Club
Amtrak's short-lived Twilight Shoreliner in HO scale as it appeared in the early 2000's, roughly 2001-2003. The train is lead by GE P42DC #102 in Phase IV and includes six passenger cars with a Material Handling Car, a heritage baggage, two Amfleet I coaches, a Amfleet I cafe, and a Viewliner sleeper.
published: 22 Jun 2023
N Scale Amtrak “Twilight Shoreliner”
This is similar to the overnight train that Amtrak ran from Boston to Newport News, Virginia from 1997 to 2003.
published: 17 Sep 2023
Roblox NEC Updated AEM7 Phase III Twilight Shoreliner
Did not expect to film this train but I happened to be in the second can in a railroad crossing
Filming Amtrak 66 northeast regional with viewliner 1 sleeper car 4/22/21
published: 22 Apr 2021
Amtrak Twilight Shoreliner
published: 16 Nov 2013
Twilight Shoreliner | Wikipedia audio article
This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Twilight_Shoreliner
00:00:22 History
00:02:35 Equipment
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard sp...
published: 05 Jun 2019
ROBLOX Railfanning at Princeton Junction, NJ S39E72: Amtrak Twilight Shoreliner
Game Link: https://www.roblox.com/games/14150702722/Railfan-at-Princeton-Junction-Revamped#!/game-instances
published: 01 May 2024
ROBLOX Railfanning at Princeton Junction, NJ S25E18: Amtrak Twilight Shoreliner
Game Link: https://www.roblox.com/games/12159104825/Railfan-Princeton-Junction-NJ?AssetId=12159104825
Amtrak's short-lived Twilight Shoreliner in HO scale as it appeared in the early 2000's, roughly 2001-2003. The train is lead by GE P42DC #102 in Phase IV and i...
Amtrak's short-lived Twilight Shoreliner in HO scale as it appeared in the early 2000's, roughly 2001-2003. The train is lead by GE P42DC #102 in Phase IV and includes six passenger cars with a Material Handling Car, a heritage baggage, two Amfleet I coaches, a Amfleet I cafe, and a Viewliner sleeper.
Amtrak's short-lived Twilight Shoreliner in HO scale as it appeared in the early 2000's, roughly 2001-2003. The train is lead by GE P42DC #102 in Phase IV and includes six passenger cars with a Material Handling Car, a heritage baggage, two Amfleet I coaches, a Amfleet I cafe, and a Viewliner sleeper.
Did not expect to film this train but I happened to be in the second can in a railroad crossing
Filming Amtrak 66 northeast regional with viewliner 1 sleeper ca...
Did not expect to film this train but I happened to be in the second can in a railroad crossing
Filming Amtrak 66 northeast regional with viewliner 1 sleeper car 4/22/21
Did not expect to film this train but I happened to be in the second can in a railroad crossing
Filming Amtrak 66 northeast regional with viewliner 1 sleeper car 4/22/21
This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Twilight_Shoreliner
00:00:22 History
00:02:35 Equipment
Listening i...
This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Twilight_Shoreliner
00:00:22 History
00:02:35 Equipment
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.
Listen on Google Assistant through Extra Audio:
https://assistant.google.com/services/invoke/uid/0000001a130b3f91
Other Wikipedia audio articles at:
https://www.youtube.com/results?search_query=wikipedia+tts
Upload your own Wikipedia articles through:
https://github.com/nodef/wikipedia-tts
Speaking Rate: 0.8048902944845472
Voice name: en-AU-Wavenet-B
"I cannot teach anybody anything, I can only make them think."
- Socrates
SUMMARY
=======
The Twilight Shoreliner was a passenger train operated by Amtrak on the Northeast Corridor between Boston, Massachusetts, and Newport News, Virginia, via New York City and Washington, D.C. Amtrak introduced it in 1997 to replace the Night Owl. It was discontinued in 2003 in favor of the Federal.
This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Twilight_Shoreliner
00:00:22 History
00:02:35 Equipment
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.
Listen on Google Assistant through Extra Audio:
https://assistant.google.com/services/invoke/uid/0000001a130b3f91
Other Wikipedia audio articles at:
https://www.youtube.com/results?search_query=wikipedia+tts
Upload your own Wikipedia articles through:
https://github.com/nodef/wikipedia-tts
Speaking Rate: 0.8048902944845472
Voice name: en-AU-Wavenet-B
"I cannot teach anybody anything, I can only make them think."
- Socrates
SUMMARY
=======
The Twilight Shoreliner was a passenger train operated by Amtrak on the Northeast Corridor between Boston, Massachusetts, and Newport News, Virginia, via New York City and Washington, D.C. Amtrak introduced it in 1997 to replace the Night Owl. It was discontinued in 2003 in favor of the Federal.
Federal Reserve Chair Powell speaks after Fed cuts interest rates by a quarter point
Federal Reserve Chair Jerome Powell delivers remarks following the Central Bank's two-day policy meeting on Wednesday. The Federal Reserve lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
published: 18 Dec 2024
Powell Speaks After the Fed Cut Rates | The Fed Decides
The Federal Reserve lowered its benchmark interest rate for the third consecutive time, but reduced the number of expected rate cuts in 2025.
The Federal Open Market Committee voted 11-1 on Wednesday to cut the federal funds rate to a range of 4.25%-4.5%.
This is a special Bloomberg Surveillance, The Fed Decides.
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
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published: 18 Dec 2024
FOMC Press Conference December 18, 2024
Captions: https://www.streamtext.net/player?event=CFI-FRB&chat=false
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through se...
published: 18 Dec 2024
Federal Reserve cuts rates by 25 basis points
The Federal Reserve on Wednesday released its decision regarding interest rates.
published: 18 Dec 2024
Federal Reserve Cancels 2025 Interest Rate Cuts Because of Rising Inflation (4 Cuts to 2)
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published: 18 Dec 2024
URGENT: Federal Reserve Cancels 2025 Rate Cuts, Markets Crashing FAST!
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INFLATION:
On December 11th, overall inflation across all items rose by 2.7%, year over year. In terms of where inflation is most persistent, Food at home increased by 1.6%, food away from home (like restaurants), is up 3.6%, Motor Vehicle insurance is up 13%, Health Insurance is up 6%, and Energy is Down by 3.2%.
On top of that, it’s estimated that “Shelter, which has about a one-third weighting in the CPI calc...
published: 18 Dec 2024
Stocks plunge after Fed signals fewer rate cuts for 2025
Lori Calvasina, RBC Capital Markets head of US equity strategy, and David Zervos, Jefferies chief market strategist, joins 'Closing Bell Overtime' to talk the markets reaction to the Fed's rate cut today.
published: 18 Dec 2024
Federal Reserve Chair Powell speaks after Fed cuts interest rates by a quarter point —12/18/24
Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022 when rates were on the move higher.
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published: 18 Dec 2024
Jerome Powell on U.S. economy after Federal Reserve interest rate cut decision
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
Subscribe to the CBS News YouTube channel: https://youtube.com/cbsne...
published: 18 Dec 2024
Federal Reserve cuts interest rate again
The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
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Watch CBS News 24/7: https://...
Federal Reserve Chair Jerome Powell delivers remarks following the Central Bank's two-day policy meeting on Wednesday. The Federal Reserve lowered its key inter...
Federal Reserve Chair Jerome Powell delivers remarks following the Central Bank's two-day policy meeting on Wednesday. The Federal Reserve lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
Federal Reserve Chair Jerome Powell delivers remarks following the Central Bank's two-day policy meeting on Wednesday. The Federal Reserve lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
The Federal Reserve lowered its benchmark interest rate for the third consecutive time, but reduced the number of expected rate cuts in 2025.
The Federal Open M...
The Federal Reserve lowered its benchmark interest rate for the third consecutive time, but reduced the number of expected rate cuts in 2025.
The Federal Open Market Committee voted 11-1 on Wednesday to cut the federal funds rate to a range of 4.25%-4.5%.
This is a special Bloomberg Surveillance, The Fed Decides.
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The Federal Reserve lowered its benchmark interest rate for the third consecutive time, but reduced the number of expected rate cuts in 2025.
The Federal Open Market Committee voted 11-1 on Wednesday to cut the federal funds rate to a range of 4.25%-4.5%.
This is a special Bloomberg Surveillance, The Fed Decides.
More on Bloomberg Television and Markets
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Captions: https://www.streamtext.net/player?event=CFI-FRB&chat=false
The Federal Reserve System is the central bank of the United States. It performs five gene...
Captions: https://www.streamtext.net/player?event=CFI-FRB&chat=false
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
Visit the Federal Reserve’s website at www.federalreserve.gov for more information.
Captions: https://www.streamtext.net/player?event=CFI-FRB&chat=false
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
Visit the Federal Reserve’s website at www.federalreserve.gov for more information.
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Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
Get free life insurance quotes from America's top insurers and start saving today with Policygenius: https://policygenius.com/graham Thanks to Policygenius for ...
Get free life insurance quotes from America's top insurers and start saving today with Policygenius: https://policygenius.com/graham Thanks to Policygenius for sponsoring this video! | Let's talk about the Federal Reserve Rate Cut and what this means for 2025 - Enjoy! Add me on Instagram: GPStephan
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
INFLATION:
On December 11th, overall inflation across all items rose by 2.7%, year over year. In terms of where inflation is most persistent, Food at home increased by 1.6%, food away from home (like restaurants), is up 3.6%, Motor Vehicle insurance is up 13%, Health Insurance is up 6%, and Energy is Down by 3.2%.
On top of that, it’s estimated that “Shelter, which has about a one-third weighting in the CPI calculation, accounted for about 40% of the total increase in November" and, in this case ”the shelter index rose 4.7% on a 12-month basis.”
STOCK MARKET:
If we go all the way back to the 1920s, there have only been 9 times where we’ve seen more than a 30% return in a year - and, with the exception of the Great Depression - there usually follows more positive returns in the years that follow.
However, Warren Buffet is taking a more cautious approach while he sells massive positions and sits on his largest cash-pile of all time, at $325 billion dollars. On top of that, one economist was quoted as saying that “The stock market is in a 'mania' that will push it higher before a potential 26% drop in 2025.”
HOUSING MARKET:
Despite mortgage rates being their highest in 20 years - home prices have continue to grow, with the average home rising 5.9% since December of last year. In terms of which markets are seeing the biggest increase, Detroit Michigan saw a 15% gain year-over-year - followed by Chicago at 13.5%, Newark at 11%, and Cleveland at 10% - with the hardest hit being Austin and San Antonio, Texas - having fallen 3-4.5% over the last 12 months.
MY THOUGHTS:
In terms of the stock market, I think it’s important to keep in mind that - even though stocks are expensive - relatively speaking, based on history - honestly, no one has any clue what’s going to happen in the future. I’m still just dollar cost averaging, and I’m not deterred whatsoever by all time highs.
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Get free life insurance quotes from America's top insurers and start saving today with Policygenius: https://policygenius.com/graham Thanks to Policygenius for sponsoring this video! | Let's talk about the Federal Reserve Rate Cut and what this means for 2025 - Enjoy! Add me on Instagram: GPStephan
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
INFLATION:
On December 11th, overall inflation across all items rose by 2.7%, year over year. In terms of where inflation is most persistent, Food at home increased by 1.6%, food away from home (like restaurants), is up 3.6%, Motor Vehicle insurance is up 13%, Health Insurance is up 6%, and Energy is Down by 3.2%.
On top of that, it’s estimated that “Shelter, which has about a one-third weighting in the CPI calculation, accounted for about 40% of the total increase in November" and, in this case ”the shelter index rose 4.7% on a 12-month basis.”
STOCK MARKET:
If we go all the way back to the 1920s, there have only been 9 times where we’ve seen more than a 30% return in a year - and, with the exception of the Great Depression - there usually follows more positive returns in the years that follow.
However, Warren Buffet is taking a more cautious approach while he sells massive positions and sits on his largest cash-pile of all time, at $325 billion dollars. On top of that, one economist was quoted as saying that “The stock market is in a 'mania' that will push it higher before a potential 26% drop in 2025.”
HOUSING MARKET:
Despite mortgage rates being their highest in 20 years - home prices have continue to grow, with the average home rising 5.9% since December of last year. In terms of which markets are seeing the biggest increase, Detroit Michigan saw a 15% gain year-over-year - followed by Chicago at 13.5%, Newark at 11%, and Cleveland at 10% - with the hardest hit being Austin and San Antonio, Texas - having fallen 3-4.5% over the last 12 months.
MY THOUGHTS:
In terms of the stock market, I think it’s important to keep in mind that - even though stocks are expensive - relatively speaking, based on history - honestly, no one has any clue what’s going to happen in the future. I’m still just dollar cost averaging, and I’m not deterred whatsoever by all time highs.
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business inquiries, you can reach me at [email protected]
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
Lori Calvasina, RBC Capital Markets head of US equity strategy, and David Zervos, Jefferies chief market strategist, joins 'Closing Bell Overtime' to talk the m...
Lori Calvasina, RBC Capital Markets head of US equity strategy, and David Zervos, Jefferies chief market strategist, joins 'Closing Bell Overtime' to talk the markets reaction to the Fed's rate cut today.
Lori Calvasina, RBC Capital Markets head of US equity strategy, and David Zervos, Jefferies chief market strategist, joins 'Closing Bell Overtime' to talk the markets reaction to the Fed's rate cut today.
Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Federal Reserve on Wednesday ...
Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022 when rates were on the move higher.
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Federal Reserve Chair Powell speaks after Fed cuts interest rates by a quarter point — 12/18/2024
Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022 when rates were on the move higher.
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Federal Reserve Chair Powell speaks after Fed cuts interest rates by a quarter point — 12/18/2024
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jil...
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
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The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
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The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has mo...
The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
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The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
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The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems.
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Fed Open Market Operations
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what is the federal open market committee | FOMC: Definition
What Is the Federal Open Market Committee—FOMC?
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC meets several times a year to discuss whether to maintain or change current policy. A vote to change policy would result in either buying or selling U.S. government securities on the open market to promote the growth of the national economy.
Who Are the FOMC Members?
The FOMC consists of the board of governors, which has seven members, and five Federal Reserve Bank presidents. Members of the committee are typically categorized as hawks favoring tighter monetary policies, doves who favor stimulus, or centrists/moderates, somewhere in between.
KEY TAKEAWAYS
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy—specifically, by directing open market operations.
The FOMC is composed of the board of governors, which has seven members, and five Federal Reserve Bank presidents.
The Committee has eight regularly scheduled "secret" meetings each year that are the subject of much speculation on Wall Street.
FOMC Chairman
By tradition, the chairman of the FOMC is also the Chair of the Board of Governors. Nominated by President Donald Trump, Jerome Powell was sworn in as the Chair of the Federal Reserve Board on February 5, 2018. Powell is considered a moderate. The members other than the Chair include Randall Quarles, a centrist, and Lael Brainard, a dove. The remaining three positions are left unfilled.
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Essentially, the FOMC is the branch of the Federal Reserve responsible for overseeing the Fed’s open market operations. The FOMC basically dictates monetary policy. It determines when to have an expansionary or dovish monetary policy. Alternatively, it can also choose to have a contractionary or hawkish monetary policy. These key policy decisions all revolve around cutting or hiking the Fed interest rate. Said decisions are based on the growth of the United States money supply, inflation, long-term goals of price stability, and economic growth.
Additionally, the FOMC oversees The Fed interest rate, otherwise known as the federal funds rate. This interest rate is the interest that banks charge each other for overnight loans. The FOMC also works in conjunction with the Federal Reserve Board of Governors to control the discount rate and reserve requirements. The discount rate refers to the percentage that the Fed charges member banks to borrow from its discount window. This is necessary for banks to maintain their cash reserve requirements.
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0:00 Music Intro
0:13 Intro
1:08 Disclaimer
1:20 The FOMC
3:52 What does it do?
5:18 Why it is important
6:18 The members
6:46 Interest rate decisions
8:30 Famous decisions
12:22 How traders are impacted
13:52 Trading the FOMC/Final thoughts
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This week we will focus on” Federal Reserve Meeting”. This release takes place 8 times per year.
The Federal Reserve is headed by Janet Yellen and several times a year the Open Market Committee referred to as the FOMC meet to determine interest rates and monetary policy for the United States. They also evaluate the current state of the economy. The committee is composed of 12 members -seven of the Board of Governors and 5 of the 12 Reserve Bank presidents.
By Barry Norman, Investors Trading Academy.
Federal Reserve officials at their meeting earlier this month concluded it would soon be appropriate to slow the pace of rate increases, signaling the central bank was leaning toward downshifting to a 50 basis-point hike in December. Mike McKee reports on "Bloomberg Markets: The Close."
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Monetary Policy is something used to help grow, or cool off an economy. Who activates it though? and How is it done? The answer lies in the FOMC, and who they are.
Links
FOMC: https://www.thebalance.com/federal-open-market-committee-fomc-3305987
Regional Banks: http://www.mybudget360.com/federal-reserve-system-12-regional-banks-with-1-central-power-base-the-new-york-fed-over-70-percent-of-assets-with-new-york-fed/
The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under United States law with overseeing the nation's open market operations (i.e., the Fed's buying and selling of United States Treasury securities). It is this Federal Reserve committee which makes key decisions about interest rates and the growth of the United States money supply.
The FOMC is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the short-term objective for the Fed's open market operations, which is usually a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight loans).
The FOMC also directs operations undertaken by the Federal Reserve System in foreign exchange markets, although any intervention in foreign exchange markets is coordinated with the U.S. Treasury, which has responsibility for formulating U.S. policies regarding the exchange value of the dollar.
Amtrak's short-lived Twilight Shoreliner in HO scale as it appeared in the early 2000's, roughly 2001-2003. The train is lead by GE P42DC #102 in Phase IV and includes six passenger cars with a Material Handling Car, a heritage baggage, two Amfleet I coaches, a Amfleet I cafe, and a Viewliner sleeper.
Did not expect to film this train but I happened to be in the second can in a railroad crossing
Filming Amtrak 66 northeast regional with viewliner 1 sleeper car 4/22/21
This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Twilight_Shoreliner
00:00:22 History
00:02:35 Equipment
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.
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Speaking Rate: 0.8048902944845472
Voice name: en-AU-Wavenet-B
"I cannot teach anybody anything, I can only make them think."
- Socrates
SUMMARY
=======
The Twilight Shoreliner was a passenger train operated by Amtrak on the Northeast Corridor between Boston, Massachusetts, and Newport News, Virginia, via New York City and Washington, D.C. Amtrak introduced it in 1997 to replace the Night Owl. It was discontinued in 2003 in favor of the Federal.
Federal Reserve Chair Jerome Powell delivers remarks following the Central Bank's two-day policy meeting on Wednesday. The Federal Reserve lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
The Federal Reserve lowered its benchmark interest rate for the third consecutive time, but reduced the number of expected rate cuts in 2025.
The Federal Open Market Committee voted 11-1 on Wednesday to cut the federal funds rate to a range of 4.25%-4.5%.
This is a special Bloomberg Surveillance, The Fed Decides.
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The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
Visit the Federal Reserve’s website at www.federalreserve.gov for more information.
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INFLATION:
On December 11th, overall inflation across all items rose by 2.7%, year over year. In terms of where inflation is most persistent, Food at home increased by 1.6%, food away from home (like restaurants), is up 3.6%, Motor Vehicle insurance is up 13%, Health Insurance is up 6%, and Energy is Down by 3.2%.
On top of that, it’s estimated that “Shelter, which has about a one-third weighting in the CPI calculation, accounted for about 40% of the total increase in November" and, in this case ”the shelter index rose 4.7% on a 12-month basis.”
STOCK MARKET:
If we go all the way back to the 1920s, there have only been 9 times where we’ve seen more than a 30% return in a year - and, with the exception of the Great Depression - there usually follows more positive returns in the years that follow.
However, Warren Buffet is taking a more cautious approach while he sells massive positions and sits on his largest cash-pile of all time, at $325 billion dollars. On top of that, one economist was quoted as saying that “The stock market is in a 'mania' that will push it higher before a potential 26% drop in 2025.”
HOUSING MARKET:
Despite mortgage rates being their highest in 20 years - home prices have continue to grow, with the average home rising 5.9% since December of last year. In terms of which markets are seeing the biggest increase, Detroit Michigan saw a 15% gain year-over-year - followed by Chicago at 13.5%, Newark at 11%, and Cleveland at 10% - with the hardest hit being Austin and San Antonio, Texas - having fallen 3-4.5% over the last 12 months.
MY THOUGHTS:
In terms of the stock market, I think it’s important to keep in mind that - even though stocks are expensive - relatively speaking, based on history - honestly, no one has any clue what’s going to happen in the future. I’m still just dollar cost averaging, and I’m not deterred whatsoever by all time highs.
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Lori Calvasina, RBC Capital Markets head of US equity strategy, and David Zervos, Jefferies chief market strategist, joins 'Closing Bell Overtime' to talk the markets reaction to the Fed's rate cut today.
Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.
In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022 when rates were on the move higher.
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Federal Reserve Chair Powell speaks after Fed cuts interest rates by a quarter point — 12/18/2024
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
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The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
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What Is the FederalOpenMarket Committee (FOMC)? How Does It Work?The central bank of the United States is known as the Federal Reserve. While it operates independently of the federal government and has no political affiliation, it may be ... .