The Federal Open Market Committee issued its latest statement today.
The vote to keep the benchmark interest rate unchanged in the target range of 1.00-1.25% was unanimous.
The key points from the statement are:
- Economic activity was upgraded from moderate growth to solid growth;
- Inflation assessment altered to indicate that core inflation remains soft instead of having “declined this year”;
To see the full statement, please click on the following link:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20171101a.htm
