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Fed: Instant Answers: Holds Rates, Flags Inflation Progress, Softer Jobs

FED
  • Federal Funds Rate Range Maximum: 5.5%
  • Number of dissenters on size of rate move: ZERO
  • Does the FOMC change how it characterizes inflation? YES. "Inflation has eased over the past year but remains somewhat elevated. In recent months, there has been
    some further progress toward the Committee’s 2 percent inflation objective."
  • Does the FOMC change how it characterizes the labor market? YES. "Job gains have moderated, and the unemployment rate has moved up but remains low."
  • Does the FOMC change this sentence? “The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.” YES. "The Committee judges that the risks to achieving its employment and inflation goals continue to move into better balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate."
  • Does the FOMC change its forward guidance? NO. Repeats: "...does not expect it will be appropriate to reduce the target range until it has gained greater confidence..."
  • Does the FOMC signal a rate cut could come at "an upcoming meeting" or "soon"? NO.
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
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MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
EM BulletHomepagemarkets-real-timeEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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