Comunicado del FOMC del 1 de agosto 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 1 de agosto de 2012. Frente al comunicado programado anterior, del 20 de junio de 2012: 7 frases cambiaron, 1 se añadió, 5 se eliminaron y 8 se mantuvieron iguales. En palabras: 97 añadidas, 131 eliminadas. La votación de este comunicado: 1 miembro votó en contra: Jeffrey M. Lacker. La del comunicado del 20 de junio de 2012: 1 miembro votó en contra: Jeffrey M. Lacker.
Comunicado del FOMC · 1 de agosto de 2012
Frases cambiadas frente al comunicado programado anterior (20 de junio de 2012)
8 sin cambios · 7 cambiadas · 1 añadida · 5 eliminadas · palabras +97 / −131
- 20 de junio de 2012
- 1 miembro votó en contra: Jeffrey M. Lacker.
- 1 de agosto de 2012
- 1 miembro votó en contra: Jeffrey M. Lacker.
Information received since the Federal Open Market Committee met in April June suggests that economic activity decelerated somewhat over the economy has been expanding moderately first half of this year.
However, Growth in employment has slowed been slow in recent months, and the unemployment rate remains elevated.
Household spending appears to be has been rising at a somewhat slower pace than earlier in the year.
Despite some further signs of improvement, the housing sector remains depressed.
Inflation has declined since earlier this year, mainly reflecting lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable.
The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities.
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 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 June, and it 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.
The Committee is prepared to take further action will closely monitor incoming information on economic and financial developments and will provide additional accommodation as appropriate needed 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 opposed continuation of the maturity extension program.
Statement Regarding Continuation of the Maturity Extension Program
Voting against the action was Jeffrey M. Lacker, who preferred to omit the description of the time period over which economic conditions are likely to warrant an exceptionally low level of the federal funds rate.
Mostrar las 8 frases sin cambios
Business fixed investment has continued to advance.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
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 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 Committee anticipates that inflation over the medium term will run at or below the rate that it judges most consistent with its dual mandate.
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 · 20 de junio 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.