Comunicado del FOMC del 20 de junio de 2012
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 20 de junio de 2012. Frente al comunicado programado anterior, del 25 de abril de 2012: 12 frases cambiaron, 4 se añadieron, 1 se eliminó y 4 se mantuvieron iguales. En palabras: 139 añadidas, 92 eliminadas. La votación de este comunicado: 1 miembro votó en contra: Jeffrey M. Lacker. La del comunicado del 25 de abril de 2012: 1 miembro votó en contra: Jeffrey M. Lacker.
Comunicado del FOMC · 20 de junio de 2012
Frases cambiadas frente al comunicado programado anterior (25 de abril de 2012)
4 sin cambios · 12 cambiadas · 4 añadidas · 1 eliminada · palabras +139 / −92
- 25 de abril de 2012
- 1 miembro votó en contra: Jeffrey M. Lacker.
- 20 de junio de 2012
- 1 miembro votó en contra: Jeffrey M. Lacker.
Information received since the Federal Open Market Committee met in March April suggests that the economy has been expanding moderately this year.
Labor market conditions have improved However, growth in employment has slowed in recent months; , and the unemployment rate has declined but remains elevated.
Household spending and Business fixed investment have has continued to advance.
Household spending appears to be rising at a somewhat slower pace than earlier in the year.
Inflation has picked up somewhat declined, mainly reflecting higher lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable.
However, longer-term inflation expectations have remained stable.
The Committee expects economic growth to remain moderate over coming quarters and then to pick up very gradually.
Consequently, the Committee anticipates that the unemployment rate will decline gradually only slowly toward levels that it judges to be consistent with its dual mandate.
Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook.
The increase in oil and gasoline prices earlier this year is expected to affect inflation only temporarily, and The Committee anticipates that subsequently inflation over the medium term will run at or below the rate that it judges most consistent with its dual mandate.
The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in September.
Specifically, the Committee intends to purchase Treasury securities with remaining maturities of 6 years to 30 years at the current pace and to sell or redeem an equal amount of Treasury securities with remaining maturities of approximately 3 years or less.
This continuation of the maturity extension program should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative.
The Committee is maintaining its existing policies 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.
The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.
Voting against the action was Jeffrey M. Lacker, who does not anticipate that economic conditions are likely to warrant exceptionally low levels opposed continuation of the federal funds rate through late 2014 maturity extension program.
Statement Regarding Continuation of the Maturity Extension Program
Mostrar las 4 frases sin cambios
Despite some signs of improvement, the housing sector remains depressed.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy.
In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 25 de abril de 2012
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.