Comunicado del FOMC del 1 de noviembre 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 1 de noviembre de 2017. Frente al comunicado programado anterior, del 20 de septiembre de 2017: 4 frases cambiaron, 3 se añadieron, 3 se eliminaron y 12 se mantuvieron iguales. En palabras: 68 añadidas, 91 eliminadas. La votación de este comunicado: Unánime. La del comunicado del 20 de septiembre de 2017: Unánime.
Comunicado del FOMC · 1 de noviembre de 2017
Frases cambiadas frente al comunicado programado anterior (20 de septiembre de 2017)
12 sin cambios · 4 cambiadas · 3 añadidas · 3 eliminadas · palabras +68 / −91
- 20 de septiembre de 2017
- Unánime.
- 1 de noviembre de 2017
- Unánime.
Information received since the Federal Open Market Committee met in July September indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year at a solid rate despite hurricane-related disruptions.
Job gains have remained solid in recent months, and the unemployment rate has stayed low.
Although the hurricanes caused a drop in payroll employment in September, the unemployment rate declined further.
Gasoline prices rose in the aftermath of the hurricanes, boosting overall inflation in September; however, inflation for items other than food and energy remained soft.
On a 12-month basis, overall both inflation and the measure excluding food and energy prices measures have declined this year and are running below 2 percent.
Hurricanes Harvey, Irma, and Maria have devastated many communities, inflicting severe hardship.
Storm-related Hurricane-related disruptions and rebuilding will continue to affect economic activity, employment, and inflation in the near term, but past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium term.
Higher prices for gasoline and some other items in the aftermath of the hurricanes will likely boost inflation temporarily; apart from that effect, Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee's 2 percent objective over the medium term.
In October, the Committee will initiate the balance sheet normalization program described in the June 2017 Addendum to the Committee's Policy Normalization Principles and Plans.
The balance sheet normalization program initiated in October 2017 is proceeding.
Mostrar las 12 frases sin cambios
Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters.
Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
Consequently, the Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further.
Near-term risks to the economic outlook appear roughly balanced, but the Committee is monitoring inflation developments closely.
In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 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 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.
The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal.
The Committee expects that economic conditions will evolve in a manner that will warrant 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.
However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 20 de septiembre 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.