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March 21, 2018US MONETARY POLICY Today, May 2nd, 2018, the Federal Open Market Committee (FOMC) voted to maintain the target range for the federal funds rate to 1.50 to 1.75 per cent, in view of realized and expected labour market conditions and inflation. The Committee noted that the labour market has continued to strengthen and that economic activity has been rising at a moderate rate. Overall inflation and inflation for items other than food and energy have moved close to 2 per cent.
The Committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate, but that the rate is likely to be below those levels that are expeted to prevail in teh longer run.
US Federal Reserve
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