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Reuters Newswires on FOMC Announcement
  • FED LEAVES TARGET INTEREST RATE UNCHANGED AT 0.25-0.50 PCT
  • FED SAYS NEAR-TERM RISKS TO THE ECONOMIC OUTLOOK "HAVE DIMINISHED," ECONOMY EXPANDING AT MODERATE PACE
  • FED SAYS LABOR MARKET STRENGTHENED SINCE JUNE MEETING, LABOR UTILIZATION HAS INCREASED IN RECENT MONTHS
  • FED SAYS WILL CONTINUE TO ASSESS INTERNATIONAL DEVELOPMENTS IN DETERMINING WHEN TO RAISE RATES
  • FED SAYS CONSUMER SPENDING GROWING STRONGLY, BUSINESS SPENDING STILL SOFT
  • FED SAYS INFLATION REMAINS BELOW TARGET, MARKET-BASED EXPECTATIONS REMAIN LOW; STILL SEES RISE TO 2 PCT OVER MEDIUM TERM
  • FED REPEATS WITH GRADUAL ADJUSTMENTS TO MONETARY POLICY, ECONOMIC ACTIVITY WILL EXPAND AT MODERATE PACE, LABOR MARKET WILL STRENGTHEN
  • FED REPEATS EXPECTS ECONOMIC CONDITIONS WILL EVOLVE IN WAY THAT WARRANTS "ONLY GRADUAL INCREASES" IN FED FUNDS RATE
  • FED VOTE IN FAVOR OF POLICY WAS 9 TO 1, GEORGE DISSENTED, PREFERRING TO RAISE THE TARGET FED FUNDS RATE

Here is a link to the announcement from the Fed's website. 

And here is a link to our 'before and after' comparison to the previous version.

MBS / Treasury Market Data

UMBS 5.5
98.29
+0.43
UMBS 6.0
100.09
+0.31
UMBS 6.5
101.59
+0.17
2 YR
4.8192
-0.0545
10 YR
4.5138
-0.0657
Pricing as of: 5/3 5:04PM EST
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