FOMC Releases

Information received since the Federal Open Market Committee met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low.

The FOMC has chosen to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent. The job market remains strong with low unemployment, but household spending and business fixed investments are experiencing slower growth in the first quarter of 2019.

Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has remained low.

Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.