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--September 26 Statement Follows for Comparison     
     WASHINGTON (MNI) - The following is the complete text of the FOMC 
statement issued Thursday. The September 26 statement follows for 
comparison: 
     Information received since the Federal Open Market Committee met in 
September indicates that the labor market has continued to strengthen 
and that economic activity has been rising at a strong rate. Job gains 
have been strong, on average, in recent months, and the unemployment 
rate has declined. Household spending has continued to grow strongly, 
while growth of business fixed investment has moderated from its rapid 
pace earlier in the year. On a 12-month basis, both overall inflation 
and inflation for items other than food and energy remain near 2 
percent. Indicators of longer-term inflation expectations are little 
changed, on balance. 
     Consistent with its statutory mandate, the Committee seeks to 
foster maximum employment and price stability. The Committee expects 
that further gradual increases in the target range for the federal funds 
rate will be consistent with sustained expansion of economic activity, 
strong labor market conditions, and inflation near the Committees 
symmetric 2 percent objective over the medium term. Risks to the 
economic outlook appear roughly balanced. 
     In view of realized and expected labor market conditions and 
inflation, the Committee decided to maintain the target range for the 
federal funds rate at 2 to 2-1/4 percent. 
     In determining the timing and size of future adjustments to the 
target range for the federal funds rate, the Committee will assess 
realized and expected economic conditions relative to its maximum 
employment objective and its symmetric 2 percent inflation objective. 
This assessment will take into account a wide range of information, 
including measures of labor market conditions, indicators of inflation 
pressures and inflation expectations, and readings on financial and 
international developments. 
     Voting for the FOMC monetary policy action were: Jerome H. Powell, 
Chairman; John C. Williams, Vice Chairman; Thomas I. Barkin; Raphael W. 
Bostic; Lael Brainard; Richard H. Clarida; Mary C. Daly; Loretta J. 
Mester; and Randal K. Quarles. 
-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*- 
     The following is the text of the FOMC statement released after the 
policy meeting held September 25 - 26, 2018:
  Information received since the Federal Open Market Committee met in 
August indicates that the labor market has continued to strengthen and 
that economic activity has been rising at a strong rate. Job gains have 
been strong, on average, in recent months, and the unemployment rate has 
stayed low. Household spending and business fixed investment have grown 
strongly. On a 12-month basis, both overall inflation and inflation for 
items other than food and energy remain near 2 percent. Indicators of 
longer-term inflation expectations are little changed, on balance. 
     Consistent with its statutory mandate, the Committee seeks to 
foster maximum employment and price stability. The Committee expects 
that further gradual increases in the target range for the federal funds 
rate will be consistent with sustained expansion of economic activity, 
strong labor market conditions, and inflation near the Committee's 
symmetric 2 percent objective over the medium term. Risks to the 
economic outlook appear roughly balanced. 
     In view of realized and expected labor market conditions and 
inflation, the Committee decided to raise the target range for the 
federal funds rate to 2 to 2-1/4 percent. 
     In determining the timing and size of future adjustments to the 
target range for the federal funds rate, the Committee will assess 
realized and expected economic conditions relative to its maximum 
employment objective and its symmetric 2 percent inflation objective. 
This assessment will take into account a wide range of information, 
including measures of labor market conditions, indicators of inflation 
pressures and inflation expectations, and readings on financial and 
international developments. 
     Voting for the FOMC monetary policy action were: Jerome H. Powell, 
Chairman; John C. Williams, Vice Chairman; Thomas I. Barkin; Raphael W. 
Bostic; Lael Brainard; Richard H. Clarida; Esther L. George; Loretta J. 
Mester; and Randal K. Quarles.   
--MNI Washington Bureau, Tel: +1 202-371-2121; email: dcoffice@marketnews.com
[TOPICS: MT$$$$,MMUFE$,MGU$$$,M$U$$$]

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