Federal Reserve Statement Full Text: 25 Basis Point Rate Cut, No Dissenting Votes
TechFlow Selected TechFlow Selected
Federal Reserve Statement Full Text: 25 Basis Point Rate Cut, No Dissenting Votes
The policy statement's wording remained largely unchanged, providing no clear signal regarding future rate cuts.
Navigating Web3 tides with focused insightsCompiled by: ChainCatcher
On November 8, the Federal Reserve announced a 25-basis-point rate cut to a target range of 4.5%–4.75%, in line with market expectations. The decision was unanimous, with little change in the language of the policy statement. The Fed reiterated its close attention to risks related to its dual mandate, but removed the phrase “growing more confident that inflation is moving sustainably toward its goal.” It did not send clear signals about future rate cuts, nor did it comment on the outcome of the U.S. election.
Federal Reserve Policy Statement Full Text
Recent indicators suggest that economic activity has continued to expand at a solid pace. Labor market conditions have softened somewhat this year, with the unemployment rate rising but remaining low overall. Inflation has continued to move down toward the Committee’s 2 percent objective, although it remains slightly above that level.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are roughly balanced. Uncertainties about the economic outlook remain, and the Committee will closely monitor incoming data for signs of risks to both sides of its dual mandate.
To support these objectives, the Committee decided to lower the target range for the federal funds rate by 25 basis points to 4.5 to 4.75 percent. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee will adjust the stance of monetary policy as appropriate if risks emerge that could impede the achievement of its goals. Assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting in favor of today’s monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Michael Barr; Raphael W. Bostic; Michelle W. Bowman; Lisa D. Cook; Mary C. Daly; Beth M. Hammack; Philip N. Jefferson; Adriana D. Kugler; and Christopher J. Waller.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@federalreserve
