The Federal Open Market Committee unanimously agreed to keep the federal
funds rate at 5.25% — that’s exactly where its been since the June 2006 FOMC.
The Fed statement said the economy "slowed" versus prior statements in the
first part of the year. Previously,the Fed described the economy as
The Fed repeated that the housing adjustment is "ongoing;" the likeliest scenario remains "moderate" growth; core inflation remains "somewhat elevated"
but should come down. Also of note: High resource utilization remains an inflation threat.
The Board of Governors of the Federal Reserve System has issued the
following press release: FOMC statement
WSJ’s Parsing the FOMC Statement
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