They are the $174 million Boston Firefighters CU of Dorchester, Mass., the $1.4 billion Genisys CU of Auburn Hills, Mich., the $645 million Liberty Bay CU of Braintree, Mass., the $2.9 billion San Antonio Federal Credit Union in Texas, and the Burlington, Mass., EasCorp said. EasCorp Signs Five CUs for Mobile Banking
The Federal Reserve decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4
Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share The Federal Open Market Committee approved the following statement for release by a 9 – 3 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability. Voting against the monetary policy action were Beth M. Hammack, Neel Kashk...
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