Comunicado del FOMC del 4 de noviembre de 2009
Este comunicado del Federal Open Market Committee, comparado frase por frase con el comunicado programado anterior: qué cambió en el texto y cómo votó el Comité.
En pocas palabras
El Federal Open Market Committee publicó este comunicado el 4 de noviembre de 2009. Frente al comunicado programado anterior, del 23 de septiembre de 2009: 6 frases cambiaron, 2 se añadieron, 1 se eliminó y 6 se mantuvieron iguales. En palabras: 90 añadidas, 52 eliminadas. La votación de este comunicado: Unánime. La del comunicado del 23 de septiembre de 2009: Unánime.
Comunicado del FOMC · 4 de noviembre de 2009
Frases cambiadas frente al comunicado programado anterior (23 de septiembre de 2009)
6 sin cambios · 6 cambiadas · 2 añadidas · 1 eliminada · palabras +90 / −52
- 23 de septiembre de 2009
- Unánime.
- 4 de noviembre de 2009
- Unánime.
Information received since the Federal Open Market Committee met in August September suggests that economic activity has picked continued to pick up following its severe downturn.
Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period.
Conditions in financial markets have improved further, and Activity in the housing sector has increased over recent months.
Household spending seems appears to be stabilizing, expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.
The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.
To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of $1.25 trillion of agency mortgage-backed securities and up to about $200 175 billion of agency debt.
The amount of agency debt purchases, while somewhat less than the previously announced maximum of $200 billion, is consistent with the recent path of purchases and reflects the limited availability of agency debt.
The Committee will gradually slow the pace of these purchases In order to promote a smooth transition in markets, the Committee will gradually slow the pace of its purchases of both agency debt and agency mortgage-backed securities and anticipates that they these transactions will be executed by the end of the first quarter of 2010.
As previously announced, the Federal Reserve's purchases of $300 billion of Treasury securities will be completed by the end of October 2009.
Mostrar las 6 frases sin cambios
Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales.
Although economic activity is likely to remain weak for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will support a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability.
With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain subdued for some time.
In these circumstances, the Federal Reserve will continue to employ a wide range of tools to promote economic recovery and to preserve price stability.
The Committee will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outlook and conditions in financial markets.
The Federal Reserve is monitoring the size and composition of its balance sheet and will make adjustments to its credit and liquidity programs as warranted.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 23 de septiembre de 2009
Cómo leer esta página
La página pone este comunicado del Federal Open Market Committee junto al programado anterior, frase por frase. Las frases de la Fed se muestran tal como se publicaron, en inglés.
En una frase cambiada, las palabras que salieron aparecen tachadas y las nuevas, subrayadas. Una frase que solo está en el comunicado posterior se marca como añadida; una que solo está en el anterior, como eliminada. Las frases sin cambios aparecen plegadas.
Las cifras dicen cuántas frases caen en cada uno de esos grupos y cuántas palabras se añadieron y se eliminaron. Cuentan cambios; no los ponderan.
Las líneas de votación muestran cómo votó el Comité cada comunicado y quién votó en contra, tal como lo indica el propio comunicado.
La comparación sigue una regla fija, no un modelo, y no interpreta el texto.
El texto de la Fed se muestra en su inglés original y no se traduce. Esta página solo muestra qué cambió en el texto; no es una lectura de dirección, tono ni riesgo, y no forma parte de la puntuación MVIE. MVIE Pro es investigación independiente y no está vinculado a la Reserva Federal.