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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

November 01, 2017
US MONETARY POLICY

Today, November 1, 2017, the Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 1.0 to 1.25 per cent. As previously announced, each month $6 billion Treasury securities and $4 billion mortgage-backed securities will not be rolled over.

Information since September indicate that the labour market has continued to strengthen and despite hurricane-related disruptions economic activity has been rising at solid rate. Household spending has been expanding at a moderate rate and business fixed investment has picked up. Inflation was lifted in September as gasoline prices rose after hurricanes, but inflation excluding food and energy remain soft. Inflation measures have declined and are below 2 percent in 2017.

 

 US Federal Reserve

 



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