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Wednesday, November 02, 2016

FOMC Leaves Policy Unchanged

From the FOMC Press Release today, no change in rates but " the case for an increase in the federal funds rate has continued to strengthen":

 ... the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The Committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation. ...

Full statement: Press Release, November 2, 2016.

    Posted by on Wednesday, November 2, 2016 at 11:27 AM in Economics, Monetary Policy | Permalink  Comments (29)


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