FOMC Statement Review

An Equivocal FOMC Statement

April 27, 2016

Today’s statement from the Federal Open Market Committee neither shuts out the possibility of an interest rate hike at the June 14-15 meeting nor builds an overwhelming case for acting then unless something vastly unforeseen were to happen.  This was a two-handed explanation. On the one hand, committee members are less worried about external risks […] More

FOMC Policy Statement a Very Close Facsimile of the Prior One

July 29, 2015

Officials made even fewer modifications in the wording than the scant amount I was expecting, and the only changes came in the first paragraph describing economic conditions.  The labor market — both job growth and unemployment — were upgraded, but the overall assessment of moderately expanding activity, sub-target inflation, low market-based measures of inflation compensation, […] More

FOMC Statement

April 29, 2015

Today’s statement¬† does not constrain monetary officials at the Federal Reserve from doing whatever they believe is most appropriate at subsequent meeings on June 17, July 29 and September 17.¬† The opening paragraph, always devoted to a rundown of economic conditions since the last policy meeting includes a number of downgrades, acknowledging the slower pace […] More