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November 08, 2018US MONETARY POLICY Today, November 8th, 2018, the Federal Open Market Committee (FOMC) voted to maintain the target range for the federal funds rate of 2.00 to 2.25 per cent. The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labour market conditions and inflation near the symmetric 2 per cent objective.
The Committee noted the labour market has continued to strengthen and economic activity has been rising at a strong rate. Job gains have been on average strong and the unemployment rate has declined. Business fixed investment has moderated from its strong pace earlier this year, while growth in household spending has continued to be strong. Inflation and inflation excluding food and energy both remain around 2 per cent.
US Federal Reserve
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