FRB FOMC Statement Leaves Interest Rates Unchanged

Today the Federal Open Market Committee announced.

  • Inflation measured on a 12-month basis is close to the Committee’s 2% objective.
  • Slow growth in Q1 is likely Transitory
  • Ex food and energy, consumer prices declined in March.
  • Target range for fed funds rate will remain at 0.75% to 1%.
  • Near-term risks are roughly balanced
  • Monetary policy is accommodative