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Fed leaves interest rates unchanged

Wednesday, Mar 16 2016

The Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation. In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation.

“The committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen,” the FOMC said. “However, global economic and financial developments continue to pose risks.” “A range of recent indicators, including strong job gains, points to additional strengthening of the labor market,” the FOMC said. The Fed reiterated that the “stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.”

Euro is currently being traded around 1.1170 area, Sterling is at 1.4220 level, while Aussie is at 0.75 handle.

More in this category: « US Industrial Production decreased more than expected Australian Unemployment unexpectedly fell to 5.8% »

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