December 18, 2024
January 29, 2025
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EST
ShareShareRecent indicators suggest that economic activity has continued to expand at a solid pace. Since earlierThe unemployment rate has stabilized at a low level in the year, recent months, and labor market conditions have generally eased, and the unemployment rate has moved up but remains low.remain solid. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.
In support of its goals, the Committee decided to lowermaintain the target range for the federal funds rate by 1/4 percentage point toat 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional 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 will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Michael S. Barr; Raphael W. Bostic; Michelle W. Bowman; Susan M. Collins; Lisa D. Cook; Mary C. DalyAustan D. Goolsbee; Philip N. Jefferson; Adriana D. Kugler; Alberto G. Musalem; Jeffrey R. Schmid; and Christopher J. Waller. Voting against the action was Beth M. Hammack, who preferred to maintain the target range for the federal funds rate at 4-1/2 to 4-3/4 percent.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( A comparison of the December 2024/January 2025 FOMC statements )
Also on site :
- Nazi symbols prevalent in Ukrainian military – Le Monde
- Kremlin comments on possible US strike on Iran
- This Grammy-Winning A-Lister Just Shared His Monthly Gambling Losses on Instagram, And They're Massive