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FOMC Instant Answers: Hike "Soon" Appropriate; Preliminary Runoff Roadmap

MNI (London)
  • Any changes to Fed Funds / IORB / ON RRP rates? NO
  • Does the FOMC say net asset purchases will end in February or before March? NO
  • In the 4th paragraph, does the FOMC say the maximum employment goal has been met or could be met soon, or the FOMC is close to or nearing its maximum employment goal? NO, notes "a strong labor market"
  • Does the FOMC say it will consider whether it will be appropriate to hike soon or at its next meeting, or say a hike may soon be warranted/appropriate? YES: "With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate."
  • Does the FOMC describe any potential hikes as ‘gradual’? NO
  • Does the FOMC describe any potential hikes as ‘measured’? NO
  • The FOMC also released a statement on "Principles for Reducing The Size of the Federal Reserve's Balance Sheet". And reaffirmed its Statement on Longer-Run Goals and Monetary Policy Strategy with no changes.

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