Comunicado del FOMC del 16 de diciembre 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 16 de diciembre de 2009. Frente al comunicado programado anterior, del 4 de noviembre de 2009: 7 frases cambiaron, 7 se añadieron, 4 se eliminaron y 3 se mantuvieron iguales. En palabras: 227 añadidas, 122 eliminadas. La votación de este comunicado: Unánime. La del comunicado del 4 de noviembre de 2009: Unánime.
Comunicado del FOMC · 16 de diciembre de 2009
Frases cambiadas frente al comunicado programado anterior (4 de noviembre de 2009)
3 sin cambios · 7 cambiadas · 7 añadidas · 4 eliminadas · palabras +227 / −122
- 4 de noviembre de 2009
- Unánime.
- 16 de diciembre de 2009
- Unánime.
Information received since the Federal Open Market Committee met in September November suggests that economic activity has continued to pick up and that the deterioration in the labor market is abating.
Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period.
Activity in The housing sector has increased shown some signs of improvement over recent months.
Household spending appears to be expanding but at a moderate rate, though it remains constrained by ongoing job losses a weak labor market, sluggish modest income growth, lower housing wealth, and tight credit.
Businesses are still cutting back on fixed investment and staffing, though at a slower pace, and remain reluctant to add to payrolls; they continue to make progress in bringing inventory stocks into better alignment with sales.
Financial market conditions have become more supportive of economic growth.
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 contribute to a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability.
In these circumstances, the Federal Reserve will continue to employ a wide range of tools to promote economic recovery and to preserve price stability.
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 is in the process of purchasing $1.25 trillion of agency mortgage-backed securities and about $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.
In order to promote a smooth transition in markets, the Committee will is gradually slow slowing the pace of its these purchases of both agency debt , and agency mortgage-backed securities and it anticipates that these transactions will be executed by the end of the first quarter of 2010.
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.
In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most of the Federal Reserve's special liquidity facilities will expire on February 1, 2010, consistent with the Federal Reserve's announcement of June 25, 2009.
These facilities include the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility.
The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1.
The Federal Reserve expects that amounts provided under the Term Auction Facility will continue to be scaled back in early 2010.
The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30, 2010, for loans backed by new-issue commercial mortgage-backed securities and March 31, 2010, for loans backed by all other types of collateral.
The Federal Reserve is prepared to modify these plans if necessary to support financial stability and economic growth.
Mostrar las 3 frases sin cambios
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.
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.
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.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 4 de noviembre 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.