FOMC声明 日本時間 2017年3月16日（木）03:00発表
※前回のFOMC声明はこちら
Press Release
Release Date: March 15, 2017
For release at 2:00 p.m. EDT
Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate was little changed in recent months. Household spending has continued to rise moderately while business fixed investment appears to have firmed somewhat. Inflation has increased in recent quarters, moving close to the Committee's 2 percent longer-run objective; excluding energy and food prices, inflation was little changed and continued to run somewhat below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, labor market conditions will strengthen somewhat further, and inflation will stabilize around 2 percent over the medium term. Near-term risks to the economic outlook appear roughly balanced. The Committee continues to closely monitor inflation indicators and global economic and financial developments.
In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent.(0.75～1%への利上げ) The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.
The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Patrick Harker; Robert S. Kaplan; Jerome H. Powell; and Daniel K. Tarullo. Voting against the action was Neel Kashkari, who preferred at this meeting to maintain the existing target range for the federal funds rate.（金利据え置きを主張）
FRB: Press Release--Federal Reserve issues FOMC statement--March 15, 2017
https://www.federalreserve.gov/newsevents/press/monetary/20170315a.htm
ＦＯＭＣメンバーによる金利見通し（ドットチャート）
2017年
0.875％ 2人
1.000％ 0人
1.125％ 1人
1.375％ 9人
1.500％ 0人
1.625％ 4人
1.750％ 0人
1.875％ 0人
2.000％ 0人
2.125％ 1人
3:00からイエレン会見
「利上げは経済の進展が継続していることを反映。」
「利上げは経済の再評価は反映していない。」
「雇用改善が底堅く継続している。」
「緩やかな成長ぺースが持続と見込む。」
「コアインフレはこの数ヵ月若干変化した。」
「金融政策は利上げ後も緩和的であり続ける。」
「経済見通しは１２月からごく僅かに変化。」
「現段階の中立金利は非常に低い。」
「金融政策は事前に決めているわけではない。」
「再投資の方針がいずれ変更することについて協議した。」
「バランスシートの縮小過程は緩やかで予測可能に。」
「（今回を含めて）年内３回の利上げは緩やかなペースだと確実に言える。」
「インフレと雇用の目標は達成に近づいている。」
「国境税がドルに及ぼす影響は非常に不透明。」
FOMC声明については、
市場予想どおりの0.25%利上げ、となりました。
※過去のFOMCまとめはこちら
内容については、
インフレ状況も、労働市場動向も堅調で、
あくまでも利上げ目線のようです。
グローバル的な状況を見ると、
経済ボロボロで貨幣をジャブジャブ刷って刷って刷りまくり（＆戦争の気配）の欧州、日本と比較すると、
相対的には、米国一人勝ちの様相です。
ファンダメンタル分析的に考えれば、
・株高
・ドル高（金利上昇期待）
と考えるのが自然です。
少なくとも、ドル安になる材料ではないように思えます。
これを受けてマーケットはどのように反応したのでしょうか。
↓のチャートを見る前に１分間想像してみてください。
・NYダウ の値動き → 上昇？下落？
・ドル円 の値動き → 上昇？下落？
・ユーロドル の値動き → 上昇？下落？
・ユーロ円 の値動き → 上昇？下落？
・ポンドドル の値動き → 上昇？下落？
・ポンド円 の値動き → 上昇？下落？
・原油 の値動き → 上昇？下落？
・金 の値動き → 上昇？下落？
