Fed有句话我不是很理解# Stock
w*k
1 楼
看下面的内容，有一点很迷惑我：Business fixed investment is advancing, while
the recovery in the housing sector remains slow and export growth has
weakened.
难道housing sector remains slow吗？我怎么有种房市很不错的感觉
房市要是不怎么样，我就把我手上的REITs卖了算了
下面是发布的内容
Release Date: March 18, 2015
For immediate release
Information received since the Federal Open Market Committee met in January
suggests that economic growth has moderated somewhat. Labor market
conditions have improved further, with strong job gains and a lower
unemployment rate. A range of labor market indicators suggests that
underutilization of labor resources continues to diminish. Household
spending is rising moderately; declines in energy prices have boosted
household purchasing power. Business fixed investment is advancing, while
the recovery in the housing sector remains slow and export growth has
weakened. Inflation has declined further below the Committee's longer-run
objective, largely reflecting declines in energy prices. Market-based
measures of inflation compensation remain low; survey-based measures of
longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum
employment and price stability. The Committee expects that, with
appropriate policy accommodation, economic activity will expand at a
moderate pace, with labor market indicators continuing to move toward levels
the Committee judges consistent with its dual mandate. The Committee
continues to see the risks to the outlook for economic activity and the
labor market as nearly balanced. Inflation is anticipated to remain near its
recent low level in the near term, but the Committee expects inflation to
rise gradually toward 2 percent over the medium term as the labor market
improves further and the transitory effects of energy price declines and
other factors dissipate. The Committee continues to monitor inflation
developments closely.
To support continued progress toward maximum employment and price stability,
the Committee today reaffirmed its view that the current 0 to 1/4 percent
target range for the federal funds rate remains appropriate. In determining
how long to maintain this target range, the Committee will assess progress--
both realized and expected--toward its objectives of maximum employment and
2 percent inflation. This assessment will take into account a wide range of
information, including measures of labor market conditions, indicators of
inflation pressures and inflation expectations, and readings on financial
and international developments. Consistent with its previous statement, the
Committee judges that an increase in the target range for the federal funds
rate remains unlikely at the April FOMC meeting. The Committee anticipates
that it will be appropriate to raise the target range for the federal funds
rate when it has seen further improvement in the labor market and is
reasonably confident that inflation will move back to its 2 percent
objective over the medium term. This change in the forward guidance does not
indicate that the Committee has decided on the timing of the initial
increase in the target range.
The Committee is maintaining its existing policy of reinvesting principal
payments from its holdings of agency debt and agency mortgage-backed
securities in agency mortgage-backed securities and of rolling over maturing
Treasury securities at auction. This policy, by keeping the Committee's
holdings of longer-term securities at sizable levels, should help maintain
accommodative financial conditions.
When the Committee decides to begin to remove policy accommodation, it will
take a balanced approach consistent with its longer-run goals of maximum
employment and inflation of 2 percent. The Committee currently anticipates
that, even after employment and inflation are near mandate-consistent levels
, economic conditions may, for some time, warrant keeping the target federal
funds rate below levels the Committee views as normal in the longer run.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair;
William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley
Fischer; Jeffrey M. Lacker; Dennis P. Lockhart; Jerome H. Powell; Daniel K.
Tarullo; and John C. Williams.
the recovery in the housing sector remains slow and export growth has
weakened.
难道housing sector remains slow吗？我怎么有种房市很不错的感觉
房市要是不怎么样，我就把我手上的REITs卖了算了
下面是发布的内容
Release Date: March 18, 2015
For immediate release
Information received since the Federal Open Market Committee met in January
suggests that economic growth has moderated somewhat. Labor market
conditions have improved further, with strong job gains and a lower
unemployment rate. A range of labor market indicators suggests that
underutilization of labor resources continues to diminish. Household
spending is rising moderately; declines in energy prices have boosted
household purchasing power. Business fixed investment is advancing, while
the recovery in the housing sector remains slow and export growth has
weakened. Inflation has declined further below the Committee's longer-run
objective, largely reflecting declines in energy prices. Market-based
measures of inflation compensation remain low; survey-based measures of
longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum
employment and price stability. The Committee expects that, with
appropriate policy accommodation, economic activity will expand at a
moderate pace, with labor market indicators continuing to move toward levels
the Committee judges consistent with its dual mandate. The Committee
continues to see the risks to the outlook for economic activity and the
labor market as nearly balanced. Inflation is anticipated to remain near its
recent low level in the near term, but the Committee expects inflation to
rise gradually toward 2 percent over the medium term as the labor market
improves further and the transitory effects of energy price declines and
other factors dissipate. The Committee continues to monitor inflation
developments closely.
To support continued progress toward maximum employment and price stability,
the Committee today reaffirmed its view that the current 0 to 1/4 percent
target range for the federal funds rate remains appropriate. In determining
how long to maintain this target range, the Committee will assess progress--
both realized and expected--toward its objectives of maximum employment and
2 percent inflation. This assessment will take into account a wide range of
information, including measures of labor market conditions, indicators of
inflation pressures and inflation expectations, and readings on financial
and international developments. Consistent with its previous statement, the
Committee judges that an increase in the target range for the federal funds
rate remains unlikely at the April FOMC meeting. The Committee anticipates
that it will be appropriate to raise the target range for the federal funds
rate when it has seen further improvement in the labor market and is
reasonably confident that inflation will move back to its 2 percent
objective over the medium term. This change in the forward guidance does not
indicate that the Committee has decided on the timing of the initial
increase in the target range.
The Committee is maintaining its existing policy of reinvesting principal
payments from its holdings of agency debt and agency mortgage-backed
securities in agency mortgage-backed securities and of rolling over maturing
Treasury securities at auction. This policy, by keeping the Committee's
holdings of longer-term securities at sizable levels, should help maintain
accommodative financial conditions.
When the Committee decides to begin to remove policy accommodation, it will
take a balanced approach consistent with its longer-run goals of maximum
employment and inflation of 2 percent. The Committee currently anticipates
that, even after employment and inflation are near mandate-consistent levels
, economic conditions may, for some time, warrant keeping the target federal
funds rate below levels the Committee views as normal in the longer run.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair;
William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley
Fischer; Jeffrey M. Lacker; Dennis P. Lockhart; Jerome H. Powell; Daniel K.
Tarullo; and John C. Williams.
