Federal Open Market Committee (FOMC) left the Fed funds rate in the range of 1.00% to 1.25%.
Federal Open Market Committee (FOMC) left the Fed funds rate in the range of 1.00% to 1.25%.
Economic activity has been rising at a solid rate
Although the hurricanes caused a drop in payroll employment in September, the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters. Gasoline prices rose in the aftermath of the hurricanes, boosting overall inflation in September; however, inflation for items other than food and energy remained soft. On a 12-month basis, both inflation measures have declined this year and are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
There were no changes in the paragraph on guidance.
h/t Forexlive
The Vote was Unanimously In Favour Of Keeping Rate Unchanged
Source: federalreserve, forexlive