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"Instant Answers" For Today's FOMC Decision

FED

We will be running "Instant Answers" for today's FOMC decision at 1400ET. We'll publish the answers to these questions on our website Bullets and Bloomberg Bullets Feeds (e.g. MNBP2) shortly after the Fed decision is released. The questions that we have selected for this meeting are:

  • Changes to Fed Funds / Interest Rate Paid on Excess Reserves (IOER) / ON RRP?
  • Changes to asset purchases with regard to size, duration, and/or Tsy vs MBS?
  • Does the FOMC change the sentence "Inflation has risen, largely reflecting transitory factors"? If so, does it indicate inflation is less transitory than June?
  • Does the FOMC say inflation will likely "remain elevated in coming months before moderating"?
  • Does the FOMC change the phrase "if risks emerge that could impede the attainment of the Committee's goals" in the second to last paragraph? If so, does it add an explicit reference to inflation or inflation expectations rising above goal?
  • Does the FOMC change the phrase "until substantial further progress has been made toward the Committee's maximum employment and price stability goals"?
  • Does the Fed announce the creation of a standing repo facility?
  • Any dissents to the decision?

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