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Here's What Changed in The New Fed Announcement

Reported · Written up by our desk · Residential

The Federal Open Market Committee approved the following statement for release by a 12 10 – 0 2 vote: The Committee decided to raise maintain the target range for the federal funds rate by 1/4 percentage point to at 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid strong pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital inves

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