{"id":28205,"date":"2012-03-14T03:22:00","date_gmt":"2012-03-14T07:22:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/03\/14\/us-fomc-holds-monetary-policy-settings-unchanged\/"},"modified":"2012-03-14T03:22:00","modified_gmt":"2012-03-14T07:22:00","slug":"us-fomc-holds-monetary-policy-settings-unchanged","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/14\/us-fomc-holds-monetary-policy-settings-unchanged\/","title":{"rendered":"US FOMC Holds Monetary Policy Settings Unchanged"},"content":{"rendered":"<div align=\"right\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script><\/div>\n<p><span><span><span>The&nbsp;<\/span><\/span><a href=\"http:\/\/www.federalreserve.gov\/\" target=\"_blank\">US Federal Open Market Committee<\/a><span><span>&nbsp;(FOMC)&nbsp;kept the fed funds rate steady at 0 to 0.25 percent and made no changes to its balance sheet management and quantitative easing programs. The Fed said: &#8220;To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1\/4 percent and currently anticipates that economic conditions&#8211;including low rates of resource utilization and a subdued outlook for inflation over the medium run&#8211;are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.&#8221;<\/span><\/span><\/span><br \/><span><\/span><br \/><a name='more'><\/a><span>The Fed previously held <a href=\"http:\/\/www.centralbanknews.info\/2012\/01\/fomc-holds-rate-at-0-025-announces.html\">policy settings unchanged<\/a> also, while its last move was the announcement of the commencement of &#8220;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/09\/fomc-announces-400b-twist-to-qe-program.html\">operation twist<\/a><span>&#8221; at its September meeting (and maintained that program, and the policy of reinvesting during today&#8217;s meeting), after it held&nbsp;monetary policy settings&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/08\/us-fomc-holds-fed-funds-rate-at-0-to.html\" target=\"_blank\">unchanged<\/a><span>&nbsp;at its August meeting, where it previously committed to low rates until 2013. &nbsp;The US reported inflation of 3% in December, down from 3.9% in September, compared to 3.8% in August, and 3.6% in both July, June and May, up from 3.2% in April. &nbsp;Meanwhile the US economy grew 1.8% in Q3, up from 1.3% in Q2, and 0.4% in Q1 this year. &nbsp;<\/span><br \/><a href=\"http:\/\/www.blogger.com\/blogger.g?blogID=8290544642025682538\" name=\"more\"><\/a><\/p>\n<div><\/div>\n<div><span><a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\">www.CentralBankNews.info<\/a><\/span><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-6688303488214891000?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;US Federal Open Market Committee&nbsp;(FOMC)&nbsp;kept the fed funds rate steady at 0 to 0.25 percent and made no changes to its balance sheet management and quantitative easing programs. The Fed said: &#8220;To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/14\/us-fomc-holds-monetary-policy-settings-unchanged\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US FOMC Holds Monetary Policy Settings Unchanged&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28205","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=28205"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28205\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}