FOMC Unanimously Keeps Rates Unchanged as Yellen Exits

The Federal Open Market Committee decided to keep the Fed funds rate unchanged, emphasizing further gradual rate increases. The balance of risk remains roughly balanced, with economic conditions slightly upgraded. The statement reflects a more hawkish tone compared to December.

What decision did the Federal Open Market Committee make regarding the Fed funds rate?

• They left the rate unchanged.

• They decreased the rate.

• They eliminated the rate.

• They increased the rate.

How did the Fed statement change in terms of policy adjustments?

• It proposed a decrease in adjustments.

• It suggested immediate adjustments.

• It emphasized further gradual adjustments.

• It removed any mention of adjustments.

What remained unchanged in the Fed's statement regarding economic outlook?

• The balance of risk statements.

• The employment projections.

• The inflation target.

• The interest rate.

How were household spending and business investment described in the latest statement?

• Unchanged

• Weak

• Solid

• Declining

Compared to December, how did the tone of the latest statement differ?

• It was more dovish.

• It was more hawkish.

• It was more pessimistic.

• It was more neutral.