FOMC statement of November 8, 2018
This statement of the Federal Open Market Committee, compared sentence by sentence with the scheduled statement before it: what changed in the text, and how the Committee voted.
In short
The Federal Open Market Committee released this statement on November 8, 2018. Compared with the previous scheduled statement of September 26, 2018: 3 sentences changed, 1 was added, 1 was removed, and 7 stayed the same. In words: 27 added, 14 removed. The vote on this statement: Unanimous. On the September 26, 2018 statement: Unanimous.
FOMC statement · November 8, 2018
Changed sentences against the previous scheduled statement (September 26, 2018)
7 unchanged · 3 changed · 1 added · 1 removed · words +27 / −14
- September 26, 2018
- Unanimous.
- November 8, 2018
- Unanimous.
Information received since the Federal Open Market Committee met in August September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low declined.
Household spending and business fixed investment have grown strongly.
Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year.
In view of realized and expected labor market conditions and inflation, the Committee decided to raise maintain the target range for the federal funds rate to at 2 to 2-1/4 percent.
Show the 7 unchanged sentences
On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent.
Indicators 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.
The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term.
Risks to the economic outlook appear roughly balanced.
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 maximum employment objective and its symmetric 2 percent inflation objective.
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.
Source: Board of Governors of the Federal Reserve System — the statement on federalreserve.gov · September 26, 2018
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The page sets this statement of the Federal Open Market Committee next to the scheduled statement before it, sentence by sentence. The Fed’s sentences are shown as published, in English.
In a changed sentence, the words that were dropped are struck through and the new words are underlined. A sentence found only in the newer statement is marked as added; one found only in the older statement, as removed. Sentences that did not change are collapsed.
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