27 Ocak 2010 tarihli FOMC bildirisi
Federal Açık Piyasa Komitesi'nin bu bildirisi, kendinden önceki planlı bildiriyle cümle cümle karşılaştırılıyor: metinde ne değişti ve Komite nasıl oy verdi.
Kısaca
Federal Açık Piyasa Komitesi bu bildiriyi 27 Ocak 2010 tarihinde yayımladı. 16 Aralık 2009 tarihli önceki planlı bildiriye göre: 9 cümle değişti, 5 cümle eklendi, 5 cümle çıkarıldı ve 3 cümle aynı kaldı. Kelime olarak: 179 eklendi, 195 çıkarıldı. Bu bildirinin oylaması: 1 üye karşı oy verdi: Thomas M. Hoenig. 16 Aralık 2009 bildirisinin oylaması: Oybirliği.
FOMC bildirisi · 27 Ocak 2010
Önceki planlı bildiriye (16 Aralık 2009) göre değişen cümleler
3 aynı · 9 değişti · 5 eklendi · 5 çıkarıldı · kelime +179 / −195
- 16 Aralık 2009
- Oybirliği.
- 27 Ocak 2010
- 1 üye karşı oy verdi: Thomas M. Hoenig.
Information received since the Federal Open Market Committee met in November December suggests that economic activity has continued to pick up strengthen and that the deterioration in the labor market is abating.
The housing sector has shown some signs of improvement over recent months.
Household spending appears to be is expanding at a moderate rate , though it but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit.
Businesses are still cutting back on fixed investment, though at a slower pace, and remain reluctant to add to payrolls; they continue to make progress in bringing inventory stocks into better alignment with sales.
Business spending on equipment and software appears to be picking up, but investment in structures is still contracting and employers remain reluctant to add to payrolls.
Firms have brought inventory stocks into better alignment with sales.
While bank lending continues to contract, financial market conditions have become more remain supportive of economic growth.
Although the pace of economic activity recovery is likely to remain weak be moderate for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability.
With substantial resource slack likely continuing to continue to dampen restrain cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain is likely to be subdued for some time.
In order to promote a smooth transition in markets, the Committee is gradually slowing the pace of these purchases, and it anticipates that these transactions will be executed by the end of the first quarter of 2010.
The Committee will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outlook and conditions in financial markets.
In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most of the Federal Reserve's special liquidity facilities will expire on February 1, 2010, consistent with the Federal Reserve's announcement of June 25, 2009.
These facilities include In light of improved functioning of financial markets, the Federal Reserve will be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1, as previously announced.
The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1.
The Federal Reserve expects that amounts provided under the Term Auction Facility will continue to be scaled back in early 2010.
In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1.
The Federal Reserve is in the process of winding down its Term Auction Facility: $50 billion in 28-day credit will be offered on February 8 and $25 billion in 28-day credit will be offered at the final auction on March 8.
The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 , 2010, for loans backed by new-issue commercial mortgage-backed securities and March 31 , 2010, for loans backed by all other types of collateral.
Voting against the policy action was Thomas M. Hoenig, who believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.
Değişmeyen 3 cümleyi göster
The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.
To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve is in the process of purchasing $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt.
The Federal Reserve is prepared to modify these plans if necessary to support financial stability and economic growth.
Kaynak: Board of Governors of the Federal Reserve System — bildirinin kendisi (federalreserve.gov) · 16 Aralık 2009
Bu sayfa nasıl okunur
Sayfa Federal Açık Piyasa Komitesi'nin bu bildirisini kendinden önceki planlı bildiriyle cümle cümle yan yana koyar. Fed'in cümleleri yayımlandığı gibi, İngilizce gösterilir.
Değişen bir cümlede çıkan kelimeler üstü çizili, yeni kelimeler altı çizili görünür. Yalnız yeni bildiride olan cümle eklendi, yalnız eskisinde olan çıkarıldı diye işaretlenir. Değişmeyen cümleler kapalı durur.
Sayılar her gruba kaç cümle düştüğünü ve kaç kelime eklenip çıkarıldığını söyler. Değişiklikleri sayar, tartmaz.
Oylama satırları, bildirinin kendi yazdığı gibi, Komite'nin her bildiriye nasıl oy verdiğini ve kimin karşı oy verdiğini gösterir.
Karşılaştırmayı bir model değil sabit bir kural yapar; metinden bir anlam çıkarmaz.
Fed metni özgün İngilizcesiyle gösterilir, çevrilmez. Bu sayfa yalnız metinde neyin değiştiğini gösterir; yön, ton ya da risk okuması değildir ve MVIE skoruna girmez. MVIE Pro bağımsız bir araştırma projesidir; Federal Reserve ile bir bağı yoktur.