Release Date: March 21, 2007
For immediate release
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Recent indicators have been mixed and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters.
Recent readings on core inflation have been somewhat elevated. Although inflation pressures seem likely to moderate over time, the high level of resource utilization has the potential to sustain those pressures.
In these circumstances, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Cathy E. Minehan; Frederic S. Mishkin; Michael H. Moskow; William Poole; and Kevin M. Warsh.
Diatas adalah teks lengkap dari FOMC Statement malam tadi (Rabu 01.15 Wib dini hari)
yang patut di garis bawahi adalah perubahan kata kata pada paragraf 4 yang secara ekplisit lebih jelas mengarah pada kemungkinan bahwa the Fed akan gagal menekan laju inflasi pada level yang diharapkan.
Perubahan kata-kata yang terasa lebih mengarah pada tekanan inflasi yang makin meningkat (meski Fed juga masih menunggu informasi data ekonomi selanjutnya) makin mendorong aksi jual Dollar malam tadi sehingga GBP/USD melambung menyentuh level 1.9692 menembus level resistan 1.9677.
belum lagi esok pagi pada sesi pembukaan pasar Australia dan pasar Asia. tentunya merket akan merespon yang sama.
Sebagai informasi FOMC selanjutnya akan berlangsung pada bulan may mendatang, jatuh pada tanggal 9 may 2007.
