Apr 30
The FOMC acknowledged signs of stabilization
Target rates of 0%-0.25% are maintained Signs of stabilization in the economy but activity will remain weak for some time Downside risks to inflation continue The FOMC decided to maintain its target interest rate at 0% to 0.25%. In the intermeeting period, the economy continued to contract “though the pace of contraction appears to be somewhat slower.” Household spending, in particular, has shown signs of stabilization, which is demonstrated by today’s positive PCE results. The overall message
