FOMC statement of January 29, 2020
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 29, 2020. Compared with the previous scheduled statement of December 11, 2019: 3 sentences changed, 0 were added, 0 were removed, and 8 stayed the same. In words: 4 added, 3 removed. The vote on this statement: Unanimous. On the December 11, 2019 statement: Unanimous.
FOMC statement · January 29, 2020
Changed sentences against the previous scheduled statement (December 11, 2019)
8 unchanged · 3 changed · 0 added · 0 removed · words +4 / −3
- December 11, 2019
- Unanimous.
- January 29, 2020
- Unanimous.
Information received since the Federal Open Market Committee met in October December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.
Although household spending has been rising at a strong moderate pace, business fixed investment and exports remain weak.
The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation near returning to the Committee's symmetric 2 percent objective.
Show the 8 unchanged sentences
Job gains have been solid, on average, in recent months, and the unemployment rate has remained low.
On a 12‐month basis, overall inflation and inflation for items other than food and energy are running below 2 percent.
Market-based measures of inflation compensation remain low; 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.
The Committee decided to maintain the target range for the federal funds rate at 1‐1/2 to 1-3/4 percent.
The Committee will continue to monitor the implications of incoming information for the economic outlook, including global developments and muted inflation pressures, as it assesses the appropriate path of the target range for the federal funds rate.
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 11, 2019
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