FOMC statement of May 1, 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 May 1, 2019. Compared with the previous scheduled statement of March 20, 2019: 4 sentences changed, 0 were added, 0 were removed, and 7 stayed the same. In words: 13 added, 37 removed. The vote on this statement: Unanimous. On the March 20, 2019 statement: Unanimous.
FOMC statement · May 1, 2019
Changed sentences against the previous scheduled statement (March 20, 2019)
7 unchanged · 4 changed · 0 added · 0 removed · words +13 / −37
- March 20, 2019
- Unanimous.
- May 1, 2019
- Unanimous.
Information received since the Federal Open Market Committee met in January March indicates that the labor market remains strong but and that growth of economic activity has slowed from its rose at a solid rate in the fourth quarter.
Payroll employment was little changed in February, but Job gains have been solid, on average, in recent months, and the unemployment rate has remained low.
Recent indicators point to slower Growth of household spending and business fixed investment slowed in the first quarter.
On a 12-month basis, overall inflation has declined, largely as a result of lower energy prices; and inflation for items other than food and energy remains near have declined and are running below 2 percent.
Show the 7 unchanged sentences
On balance, market-based measures of inflation compensation have remained low in recent months, and survey-based measures of longer-term inflation expectations are little changed.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
In support of these goals, the Committee decided to maintain the target range for the federal funds rate 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.
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 · March 20, 2019
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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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