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Economy in Brief

FOMC Holds Interest Rates Steady; World Events Will Be Closely Monitored
by Tom Moeller  January 27, 2016

At today's meeting of the Federal Open Market Committee, the Fed funds rate was left unchanged in the range of 0.25% - 0.50%. Adding caution to the economic outlook, the Fed indicated that it "is closely monitoring global economic and financial developments."

Labor markets were seen to have improved as consumer spending and business investment grow moderately. These positive effects have been offset by negative effects from foreign trade and inventory investment. Inflation was expected to rise to 2 percent as the effects of lower energy and non-import prices fall.

The press release for today's FOMC meeting can be found here.

Haver's SURVEYS database contains the economic projections from the Federal Reserve Board.

Current Last 2014 2013 2012 2011
Federal Funds Rate, % (Target) 0.25-0.50 0.00-0.25 0.09 0.11 0.14 0.10
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