October 30, 2013
- in Uncategorized by schooloftrade
FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED):
NO TAPER; WILL WAIT FOR
MORE SIGNS OF GROWTH BEFORE MAKING ADJUSTMENTS
MORE SIGNS OF GROWTH BEFORE MAKING ADJUSTMENTS
– Vote 9-1 (Voting against
the action was Esther L. George, who was concerned that the continued high
level of monetary accommodation increased the risks of future economic and
financial imbalances and, over time, could cause an increase in long-term
inflation expectations.)
the action was Esther L. George, who was concerned that the continued high
level of monetary accommodation increased the risks of future economic and
financial imbalances and, over time, could cause an increase in long-term
inflation expectations.)
– Economic activity has
continued to expand at a moderate pace. Indicators of labor market conditions have
shown some further improvement, but the unemployment rate remains elevated.
Available data suggest that household spending and business fixed investment
advanced, while the recovery in the housing sector slowed somewhat in recent
months. Fiscal policy is restraining economic growth.
continued to expand at a moderate pace. Indicators of labor market conditions have
shown some further improvement, but the unemployment rate remains elevated.
Available data suggest that household spending and business fixed investment
advanced, while the recovery in the housing sector slowed somewhat in recent
months. Fiscal policy is restraining economic growth.
