FOMC声明 日本時間 2017年5月4日(木)03:00発表
※前回のFOMC声明はこちら
Press Release
May 03, 2017
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EDT
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Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity slowed. Job gains were solid, on average, in recent months, and the unemployment rate declined. Household spending rose only modestly, but the fundamentals underpinning the continued growth of consumption remained solid. Business fixed investment firmed. Inflation measured on a 12-month basis recently has been running close to the Committee's 2 percent longer-run objective. Excluding energy and food, consumer prices declined in March and inflation 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 views the slowing in growth during the first quarter as likely to be transitory and continues to expect 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 maintain the target range for the federal funds rate at 3/4 to 1 percent(金利据え置き). 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; Neel Kashkari; and Jerome H. Powell.(反対無し)
The Fed - Federal Reserve issues FOMC statement
https://www.federalreserve.gov/newsevents/pressreleases/monetary20170503a.htm
イエレン会見は今回はナシ
FOMC声明については、
市場予想どおりの金利据え置き
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?