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FOMC Leaves Policy Unchanged

Wednesday, November 2, 2016 11:48
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(Before It's News)

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.

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