Comunicado del FOMC del 24 de octubre 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 24 de octubre de 2012. Frente al comunicado programado anterior, del 13 de septiembre de 2012: 6 frases cambiaron, 1 se añadió, 2 se eliminaron y 12 se mantuvieron iguales. En palabras: 34 añadidas, 47 eliminadas. La votación de este comunicado: 1 miembro votó en contra: Jeffrey M. Lacker. La del comunicado del 13 de septiembre de 2012: 1 miembro votó en contra: Jeffrey M. Lacker.
Comunicado del FOMC · 24 de octubre de 2012
Frases cambiadas frente al comunicado programado anterior (13 de septiembre de 2012)
12 sin cambios · 6 cambiadas · 1 añadida · 2 eliminadas · palabras +34 / −47
- 13 de septiembre de 2012
- 1 miembro votó en contra: Jeffrey M. Lacker.
- 24 de octubre de 2012
- 1 miembro votó en contra: Jeffrey M. Lacker.
Information received since the Federal Open Market Committee met in August September suggests that economic activity has continued to expand at a moderate pace in recent months.
Household spending has continued to advance advanced a bit more quickly, but growth in business fixed investment appears to have has slowed.
Inflation has been subdued, although the prices of some key commodities have increased recently.
Inflation recently picked up somewhat, reflecting higher energy prices.
The Committee is remains concerned that, without further sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions.
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 agreed today to increase policy accommodation by will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month.
The Committee also will continue through the end of the year its program to extend the average maturity of its holdings of Treasury 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.
Voting against the action was Jeffrey M. Lacker, who opposed additional asset purchases and preferred to omit disagreed with the description of the time period over which a highly accommodative stance of monetary policy will remain appropriate and exceptionally low levels for the federal funds rate are likely to be warranted.
Statement Regarding Transactions in Agency Mortgage-Backed Securities and Treasury Securities
Mostrar las 12 frases sin cambios
Growth in employment has been slow, and the unemployment rate remains elevated.
The housing sector has shown some further signs of improvement, albeit from a depressed level.
Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook.
The Committee also anticipates that inflation over the medium term likely would run at or below its 2 percent objective.
These actions, which together will increase the Committee's holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
The Committee will closely monitor incoming information on economic and financial developments in coming months.
If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.
In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens.
In particular, the Committee also decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-2015.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 13 de septiembre 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.