FOMC Leaves FF Target at 1-1.25%

September 20, 2017

The FOMC statement kept the existing interest rate target with no dissenting votes. Officials do not expect the hurricane storm damages to “alter the course of the national economy over the medium term. The statement includes a two-page addendum of modifications to a balance sheet normalization program that will begin to be implemented next month.

New growth, inflation and interest rate forecast were released. These raise projected 2017 and 2019 growth marginally, and lower projected total and core inflation a bit for year 2018.

A press conference is about to start.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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