BULLET: FOMC Statement Human Readable AF Questions...........>

FOMC Statement Human Readable AF Questions

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- Fed Funds rate range? 1.50% to 1.75%.  

- Any announcements relating to a Standing Repo Facility, Balance Sheet, 

or IOER? If so, what? The IOER was raised to 1.60%, from 1.55%. 

The ON RRP rate was raised to 1.50%, from 1.45% previously. 

Language was changed indicating overnight repo operations to last at 

least through April, as opposed to January as it previously stated. No 

announcement of a standing repo facility. 

- Any dissents? No. 

- Does the FOMC change its inflation language? Yes. The statement 

tweaks monetary policy is appropriate to support inflation 'returning 

to' the Committee's symmetric 2 percent objective." 

- Does the FOMC change its characterisation of household spending? Yes, 

"strong" has been replaced by "moderate." The statement now reads: 

"household spending has been rising at a moderate pace."