Capstone Forex Trading Online: Full text of the Federal Rese
2019-12-12 11:11 from：CAPSTONE author：Jack
Capstone Forex Trading Online: The US Federal Reserve announced its interest rate decision at 3 am on December 12, Beijing time to keep interest rates unchanged. And issued a policy statement, the following is the full statement issued by the Federal Reserve's Federal Open Market Committee (FOMC) after the monetary policy meeting:
Information obtained by the Federal Open Market Committee (FOMC) after its October meeting shows that the job market remains strong and economic activity has been growing at a moderate rate. Overall, employment has grown steadily in recent months, and unemployment has remained low. Although household spending has been growing strongly, corporate fixed investment and exports remain weak. Compared to the same period last year, overall inflation and core inflation excluding food and energy are below 2%. Market-based inflation compensation indicators are still low, and survey-based longer-term inflation expectations indicators have not changed much.
The Commission will seek to promote maximum employment and price stability in accordance with statutory goals. The committee decided to maintain the federal funds rate target range of 1.50-1.75%. The Commission believes that the current monetary policy stance is appropriate to support the continued expansion of economic activity, strong labor market conditions and inflation close to the Commission's 2% symmetrical target. In assessing the appropriate path for the federal funds rate target range, the committee will continue to monitor the impact of upcoming information on the economic outlook, including the development of the global situation and sluggish inflationary pressures.
In deciding when and how to adjust the target range of the federal funds rate in the future, the committee will assess the achieved and expected economic conditions related to employment maximization and the 2% symmetrical inflation target. The assessment will consider a wide range of information, including indicators of job market conditions, indicators of inflationary pressures and inflation expectations, and data that reflect financial market and international developments.
The FOMC members who voted in favor of the Federal Reserve ’s monetary policy decision include: Federal Reserve Chairman Powell, Vice Chairman Williams, Director Bowman, Director Brainerd, St. Louis Fed Chairman Brad, Vice Chairman Clarida, Chicago Fed Chairman Evans, Kansas City Fed Chairman George, Financial Supervisor Vice Chairman Quars and Boston Fed Chairman Rosen Glenn.
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