Skip to main content

Monetary Policy

(PDF PDF icon)

The September Federal Open Market Committee (FOMC) meeting concluded with no change in the intended federal funds rate. Earlier in the summer, the FOMC raised the intended funds rate by a total of 50 basis points (bp). A higher funds rate tends to increase the opportunity cost of holding fixed-rate deposits.

Suggested citation: "Monetary Policy," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-10, pp. 02-05, 10.01.1999.

Upcoming EventsSEE ALL

  • No Upcoming Events to display, please check back soon.