- 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.