FOMC Rate Decision 12:30; Federal Reserve First Ever Press Conference 2:15pmSubmitted by Michael Nystrom on Wed, 04/27/2011 - 11:55
(MarketWatch) The Federal Open Market Committee will announce its rate decision at 12:30 p.m. Eastern time today instead of the usual 2:15 p.m. Sources say the Fed is likely to stay with its target federal funds rate of between 0% and 0.25% and its goal of buying $600 billion in Treasury securities by the end of June.
At 2:15, The FOMC will release its quarterly growth and inflation estimate, instead of unveiling it three weeks after the rate decision. Then there will be a first-ever-for-the-Fed press conference. After a brief introductory statement, Federal Reserve Chairman Ben Bernanke will answer reporters’ questions for roughly 45 minutes.
Read more at MarketWatch.
The press conference will be carried live on television, and on the web at CSPAN.org