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Economic News, Data and Analysis

Interest Rates Unchanged

It looks like the Fed is still being cautious about the possibility of a strong expansion…

FRB: Press Release — FOMC statement — October 28, 2003
The Committee perceives that the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. In contrast, the probability, though minor, of an unwelcome fall in inflation exceeds that of a rise in inflation from its already low level. The Committee judges that, on balance, the risk of inflation becoming undesirably low remains the predominant concern for the foreseeable future. In these circumstances, the Committee believes that policy accommodation can be maintained for a considerable period.

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Filed under: Economics, Monetary Policy

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