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FOMC: Instant Answers: Fed Says Risks Better Balanced, Keeps Rates Steady

FED
  • Federal Funds Rate Range Maximum: 5.5%
  • Does the FOMC say inflation "remains elevated"? YES. "Inflation has eased over the past year but remains elevated."
  • Does the Fed drop its reference to "tighter financial conditions"? YES. Replaced with: "The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks."
  • Does the FOMC remove the reference to "policy firming" in the phrase "In determining the extent of any additional policy firming that may be appropriate"? YES
  • Does the FOMC keep the forward guidance paragraph (containing "any additional policy firming") unchanged? NO. "In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent."
  • Does the FOMC say rates are "sufficiently restrictive"? NO
  • Number of dissenters on size of rate move: ZERO
  • Does the FOMC say the pace of QT will be slowed for Treasuries? NO
  • Does the FOMC say QT will end without tapering for Treasuries? NO
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
Energy BulletsCommodities
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
Energy BulletsCommodities

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