Tag Archives: FOMC statement

Federal Open Market Committee statement

30 Jan

Information received since the Federal Open Market Committee met in December suggests that growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors. Employment has continued to expand at a moderate pace but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has shown further improvement. Inflation has been running somewhat below the Committee’s longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. Longer-term inflation expectations have remained stable. Continue reading

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Fed Pushes Forward With More Easing

12 Dec

Not a major surprise. FOMC says will keep rates exceptionally low so long as unemployment is above 6.5% and inflation below 2.5%. They gave the expected $45 bln monthly in additional QE to replace Operation Twist.

Here is FOMC statement >>>here<<<

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