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Posted by: thepinetree on 06/14/2017 11:35 AM Updated by: thepinetree on 06/14/2017 11:35 AM
Expires: 01/01/2022 12:00 AM
:

Federal Reserve Moves Forward With Rate Increase

Washington, DC...Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have moderated but have been solid, on average, since the beginning of the year, and the unemployment rate has declined. Household spending has picked up in recent months, and business fixed investment has continued to expand. On a 12-month basis, inflation has declined recently and, like the measure excluding food and energy prices, is running somewhat below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.




Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further. Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee's 2 percent objective over the medium term. Near term risks to the economic outlook appear roughly balanced, but the Committee is monitoring inflation developments closely.

In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1 to 1-1/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee currently expects to begin implementing a balance sheet normalization program this year, provided that the economy evolves broadly as anticipated. This program, which would gradually reduce the Federal Reserve's securities holdings by decreasing reinvestment of principal payments from those securities, is described in the accompanying addendum to the Committee's Policy Normalization Principles and Plans.

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Patrick Harker; Robert S. Kaplan; and Jerome H. Powell. Voting against the action was Neel Kashkari, who preferred at this meeting to maintain the existing target range for the federal funds rate.

Implementation Note issued June 14, 2017


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
Gay scarf.
Posted on: 2017-06-14 12:19:17   By: Anonymous
 


[Reply ]

No Subject
Posted on: 2017-06-14 13:10:26   By: Anonymous
 
Great! So Giant Felon just devalued our money again. Great!

Now the grubberment will order up more dollars printed to pay the increased interest on the money that they spent, but did not directly steal
from us.

[Reply ]

    Re: HAHAHAHAHAHA!
    Posted on: 2017-06-14 13:39:27   By: Anonymous
     
    HAHAHAHAHAHAHAHA! LYING, CHEATING, CROOKED HILLARY! HAHAHAHAHAHAHAHAHA!!

    [Reply ]

    Re:
    Posted on: 2017-06-15 05:36:39   By: Anonymous
     
    She needs a pearl necklace.

    [Reply ]

No Subject
Posted on: 2017-06-14 14:51:56   By: Anonymous
 
It's the natural cycle with an improved economic picture. Struggling economy; lower rates. (Relatively) robust economy; higher rates. You can't have it both ways unless you can stomach more extreme situations in both scenarios.


[Reply ]

    Re:
    Posted on: 2017-06-14 17:29:33   By: Anonymous
     
    BOOBIES!

    [Reply ]

    Re:
    Posted on: 2017-06-14 17:37:06   By: Anonymous
     
    Wow, you must have a grubberment issue stooped implant.

    The British had almost 600 years of zero inflation.

    They did it without printing funny money and the crown lived within its means.

    [Reply ]

      Re:
      Posted on: 2017-06-15 16:03:25   By: Anonymous
       
      Couldn't have had anything to do with Britain's Imperialist colonial enslavement and raping of other countries resources.

      [Reply ]

No Subject
Posted on: 2017-06-17 01:10:48   By: Anonymous
 
Look closely at the face. That's the face of the next group of money managers that will attempt to bankrupt the country and come out with millions of dollars paid to them by corrupt government, just like what happened a few years ago. Riches bestowed on them and no, NO JAIL TIME!

[Reply ]


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