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2019-11-01 13:30:00

U.S. FEDERAL FUNDS RATE 1.5 - 1.75%

U.S. FEDERAL FUNDS RATE 1.5 - 1.75%

U.S. FRB - October 30, 2019 - Information received since the Federal Open Market Committee met in September indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed.

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