Comunicado del FOMC del 15 de marzo de 2017
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 15 de marzo de 2017. Frente al comunicado programado anterior, del 1 de febrero de 2017: 9 frases cambiaron, 2 se añadieron, 2 se eliminaron y 8 se mantuvieron iguales. En palabras: 77 añadidas, 53 eliminadas. La votación de este comunicado: 1 miembro votó en contra: Neel Kashkari. La del comunicado del 1 de febrero de 2017: Unánime.
Comunicado del FOMC · 15 de marzo de 2017
Frases cambiadas frente al comunicado programado anterior (1 de febrero de 2017)
8 sin cambios · 9 cambiadas · 2 añadidas · 2 eliminadas · palabras +77 / −53
- 1 de febrero de 2017
- Unánime.
- 15 de marzo de 2017
- 1 miembro votó en contra: Neel Kashkari.
Information received since the Federal Open Market Committee met in December February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace.
Job gains remained solid and the unemployment rate stayed near its was little changed in recent low months.
Household spending has continued to rise moderately while business fixed investment has remained soft appears to have firmed somewhat.
Measures of consumer and business sentiment have improved of late.
Inflation increased in recent quarters but is still below the Committee's 2 percent longer-run objective.
Inflation has increased in recent quarters, moving close to the Committee's 2 percent longer-run objective; excluding energy and food prices, inflation was little changed and continued to run somewhat below 2 percent.
Market-based measures of inflation compensation remain low; most survey-based measures of longer-term inflation expectations are little changed, on balance.
The Committee expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, labor market conditions will strengthen somewhat further, and inflation will rise to stabilize around 2 percent over the medium term.
In view of realized and expected labor market conditions and inflation, the Committee decided to maintain raise the target range for the federal funds rate at 1/2 to 3/4 to 1 percent.
The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
In light of the current shortfall of inflation from 2 percent, The Committee will carefully monitor actual and expected progress toward inflation developments relative to its symmetric inflation goal.
The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.
Voting against the action was Neel Kashkari, who preferred at this meeting to maintain the existing target range for the federal funds rate.
Mostrar las 8 frases sin cambios
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
Near-term risks to the economic outlook appear roughly balanced.
The Committee continues to closely monitor inflation indicators and global economic and financial developments.
In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation.
This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.
However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.
The Committee 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 and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way.
This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 1 de febrero de 2017
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.