March 12, 2023

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions  to help assure banks have the ability to meet the needs of all their depositors.  This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.

February 01, 2023

The Federal Open Market Committee has increased the target range for the federal funds rate to 4.50 to 4.75 percent.