FOMC statement of January 30, 2019
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 January 30, 2019. Compared with the previous scheduled statement of December 19, 2018: 3 sentences changed, 3 were added, 3 were removed, and 5 stayed the same. In words: 96 added, 98 removed. The vote on this statement: Unanimous. On the December 19, 2018 statement: Unanimous.
FOMC statement · January 30, 2019
Changed sentences against the previous scheduled statement (December 19, 2018)
5 unchanged · 3 changed · 3 added · 3 removed · words +96 / −98
- December 19, 2018
- Unanimous.
- January 30, 2019
- Unanimous.
Information received since the Federal Open Market Committee met in November December indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong solid rate.
Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the last year.
Indicators of longer-term inflation expectations are little changed, on balance.
The Committee judges that some 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.
The Committee judges that risks to the economic outlook are roughly balanced, but will continue to monitor global economic and financial developments and assess their implications for the economic outlook.
Although market-based measures of inflation compensation have moved lower in recent months, survey-based measures of longer-term inflation expectations are little changed.
In view support of realized and expected labor market conditions and inflation these goals, the Committee decided to raise maintain the target range for the federal funds rate to at 2-1/4 to 2-1/2 percent.
The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes.
In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes.
Show the 5 unchanged sentences
Job gains have been strong, on average, in recent months, and the unemployment rate has remained low.
On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
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 · December 19, 2018
How to read this page
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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