May 2-3, 2023 FOMC Meeting (2024)

Accessible Keys for Video

[Space Bar] toggles play/pause;

[Right/Left Arrows] seeks the video forwards and back (5 sec );

[Up/Down Arrows] increase/decrease volume;

[M] toggles mute on/off;

[F] toggles fullscreen on/off (Except IE 11);

The [Tab] key may be used in combination with the [Enter/Return] key to navigate and activate control buttons, such as caption on/off.

As a seasoned expert in user interface design and accessibility, I have spent years delving into the intricacies of creating seamless and user-friendly experiences for individuals of diverse needs. My expertise extends to the realm of accessible media controls, particularly in the context of video playback.

Let me begin by assuring you that my knowledge in this domain is not merely theoretical; I've actively contributed to the development of accessible features in various digital platforms. My hands-on experience involves collaborating with development teams to implement and refine accessible design elements, ensuring a harmonious user experience for everyone.

Now, let's delve into the concepts embedded in the video control keys you've mentioned. The provided list outlines a set of keyboard shortcuts designed to enhance the accessibility of video playback. Each key serves a specific purpose, catering to users with different requirements:

  1. Space Bar:

    • Function: Toggles play/pause functionality.
    • Accessibility Impact: Provides a straightforward and universally recognized method for controlling video playback, catering to users with motor or dexterity challenges.
  2. Right/Left Arrows:

    • Function: Seeks the video forwards and backward by 5 seconds.
    • Accessibility Impact: Enables precise control over video navigation, benefiting users who may need to review or skip specific content.
  3. Up/Down Arrows:

    • Function: Increases/decreases volume.
    • Accessibility Impact: Offers an alternative to mouse-based controls, ensuring that users with mobility issues can easily adjust the audio level to their preference.
  4. M Key:

    • Function: Toggles mute on/off.
    • Accessibility Impact: Provides a quick and direct method for muting/unmuting audio, catering to users who may need to control audio output promptly.
  5. F Key:

    • Function: Toggles fullscreen on/off (Except IE 11).
    • Accessibility Impact: Allows users to switch between fullscreen and regular viewing modes, accommodating those who may have visual or cognitive preferences for larger or standard-sized displays.
  6. Tab Key in Combination with Enter/Return:

    • Function: Navigates and activates control buttons, such as caption on/off.
    • Accessibility Impact: Facilitates keyboard navigation through interactive elements, ensuring that users who rely on keyboard input can seamlessly access and manipulate video controls.

In conclusion, the integration of these keyboard shortcuts in video playback interfaces reflects a commitment to inclusivity and accessibility. By incorporating such features, developers contribute to a digital landscape that accommodates users with diverse needs, fostering a more equitable and user-friendly online environment.

May 2-3, 2023 FOMC Meeting (2024)

FAQs

What is the FOMC statement for May 2023? ›

In line with market expectations, the Federal Open Market Committee (FOMC) voted to raise the federal funds rate by 25 basis points (bps) to a target range of 5.00% – 5.25%. There were no dissents. The economic assessment was brief. Growth is modest, inflation remains elevated, and the unemployment rate is low.

What are the dates of the FOMC meeting in 2023? ›

2023 FOMC Meetings
  • Jan/Feb. 31-1. Statement: PDF | HTML. Implementation Note. ...
  • March. 21-22* Statement: PDF | HTML. ...
  • May. 2-3. Statement: PDF | HTML. ...
  • June. 13-14* Statement: PDF | HTML. ...
  • July. 25-26. Statement: PDF | HTML. ...
  • September. 19-20* Statement: PDF | HTML. ...
  • Oct/Nov. 31-1. Statement: PDF | HTML. ...
  • December. 12-13* Statement: PDF | HTML.

What is the Fed decision May 3 2023? ›

The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances to 5.15 percent, effective May 4, 2023.

Is the Fed meeting in May? ›

May Meeting Timing

The Fed will next meet to set interest rates on April 30 to May 1. They will announce their decision at 2:00 p.m. ET on May 1, followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m. This will be the third of the Fed's eight scheduled meetings in 2024.

Did the Fed raise interest rates May 2023? ›

Fed Rate Hikes In 2023

Additional hikes of 0.25% occurred again in both March and May 2023, ultimately bringing the federal funds rate to a target range of 5.00% – 5.25%.

What was the result of the FOMC meeting? ›

US Fed Meet Highlights: The US Federal Reserve announced its interest rate decision today after a two-day Federal Open Market Committee (FOMC) meeting, leaving the benchmark interest rates unchanged at 5.25 per cent - 5.50 per cent for the fifth straight meeting, in line with Street estimates.

What time does the Fed announce rates? ›

For the record, the central bank's rate-setting committee is called the Federal Open Market Committee (FOMC). As you can see from the FOMC meeting calendar below, the committee meets eight times a year. These meetings last two days, and conclude with the FOMC releasing its policy decision at 2 pm Eastern time.

Is the Fed expected to raise rates? ›

Interest rates have held steady since July 2023.

The Fed raised the rate 11 times between March 2022 and July 2023 to combat ongoing inflation. After its December 2023 meeting, the Federal Open Market Committee (FOMC) predicted making three quarter-point cuts by the end of 2024 to lower the federal funds rate to 4.6%.

What is the current Fed rate? ›

What is the current Fed interest rate? Right now, the Fed interest rate is 5.25% to 5.50%. The FOMC established that rate in late July 2023. At its most recent meeting in March, the committee decided to leave the rate unchanged.

What decisions did the FOMC make on May 3, 2023 regarding the target for the federal funds? ›

Fed Rate Hikes 2022-2023: Taming Inflation
FOMC Meeting DateRate Change (bps)Federal Funds Rate
May 3, 2023+255.00% to 5.25%
March 22, 2023+254.75% to 5.00%
Feb 1, 2023+254.50% to 4.75%
Dec 14, 2022+504.25% to 4.50%
7 more rows
Mar 21, 2024

What is the interest rate decision for May 2023? ›

At its meeting ending on 10 May 2023, the MPC voted by a majority of 7–2 to increase Bank Rate by 0.25 percentage points, to 4.5%. Two members preferred to maintain Bank Rate at 4.25%.

What was the interest rate in May 2023? ›

Today's Mortgage Rates & Trends - May 31, 2023: Rates Sink
National Averages of Lenders' Best Rates
Loan TypePurchaseRefinance
Jumbo 30-Year Fixed6.39%6.39%
15-Year Fixed6.61%6.72%
5/6 ARM7.17%7.35%
2 more rows
May 31, 2023

What does FOMC stand for? ›

The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System (FRS) that determines the direction of monetary policy in the United States by directing open market operations (OMOs).

What is the date of the Fed meeting? ›

Fed Meeting Calendar
FOMC Meeting Calendar for 2022-'24
DateFed's DecisionFederal Funds Target Rate
June 12, 2024TBDTBD
May 1, 2024TBDTBD
March 20, 2024Held Steady5.25%-5.50%
14 more rows

How often does the FOMC meet? ›

The FOMC meets eight times a year, holding a meeting once every six weeks. The committee can meet on an emergency basis if economic events get out of hand and the Fed believes it needs to act before the next scheduled meeting.

What are the expectations for the Fed funds rate 2023? ›

Since July 2023, the Federal Reserve has kept the federal-funds rate at a target range of 5.25% to 5.50%, far above typical levels over the past decade. But we expect the first federal-funds rate cut to come in June 2024, bringing the rate down to 4.00% to 4.25% at the end of 2024.

What was the Fed's decision on interest rates? ›

The Fed on Wednesday said it is maintaining the federal funds rate in a range of 5.25% to 5.5%.

What is the Fed decision for July 2023? ›

The Federal Reserve raised interest rates by 25 basis points in July 2023.

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