The Fed Interest Rate Decision (Oct)

The Fed Interest Rate Decision (Oct)

The FOMC holds benchmark interest rate at 1.00-1.25% as expected

Fed says;

Economic activity rising at solid rate despite storms.

The labor market continued to strengthen, unemployment declined.

Market-based inflation compensation gauges still low.

Risks roughly balanced, watching inflation closely.

Inflation stabilizing around 2% medium term.

Storms unlikely to alter economy's medium-term course.

Inflation for items other than food, energy remained soft.

Hurricane-related disruptions and rebuilding will continue to affect economic activity, employment, and inflation in the near term

01 Nov 17 (Wed)

06:07 pm



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