Release Date: June 28, 2007

For immediate release

The Federal Open Market Committee decided today tokeep its target for the federal funds rate at 5-1/4 percent.


Economic growth appears to have been moderate during the first half of this year, despite the ongoing adjustment in the housing sector. The economy seems likely to continue to expand at a moderate pace over coming quarters.

Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, 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.

FRB: Press Release--FOMC statement--June 28, 2007

GMT 18:15 日本時間3:15 発表

   

「However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. 」

「しかしながらインフレ圧力の持続的な緩和は、未だ納得できるようには示されていない。」

→インフレ警戒 タカ派的

   

では、マーケットは実際にどのように反応したのでしょうか。

   

ユーロドル

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ドル円

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ポンドドル ドル安

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ドルカナダ ドル爆安

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NYダウ

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株は明らかに利上げ警戒の反応でしたが、

為替は反応はまちまち。

ユーロドルはFOMC声明を材料にしたのかドル高に進みましたが、

ドルカナダはFOMCをスルーして超ドル安となりました。