日本時間 2012/10/25 （木） 03：15ごろ発表
Press Release
Release Date: October 24, 2012
For immediate release
Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has advanced a bit more quickly, but growth in business fixed investment has slowed. The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation recently picked up somewhat, reflecting higher energy prices. Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that inflation over the medium term likely would run at or below its 2 percent objective.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will continue through the end of the year its program to extend the average maturity of its holdings of Treasury securities, and it 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. These actions, which together will increase the Committee's holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens. In particular, the Committee also decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-2015. （2015年半ばまで異例の低金利を続ける、前回と変化なし）
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Jerome H. Powell; Sarah Bloom Raskin; Jeremy C. Stein; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who opposed additional asset purchases and disagreed with the description of the time period over which a highly accommodative stance of monetary policy will remain appropriate and exceptionally low levels for the federal funds rate are likely to be warranted.
FRB: Press Release--Federal Reserve issues FOMC statement--October 24, 2012
http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm
市場予想どおりの実質ゼロ金利据え置きでした。
また、異例の低金利を続ける期間も「2015年半ばまで」で変わらず、
QE3の実施も、前回発表と変わらない規模でした。
概ね前回の発表を踏襲しており、あまりサプライズのない発表となりました。
常識的、ファンダメンタル分析的に考えると、
材料織り込み済みで動かず！となりそうです。
（それでも量的緩和でドルをジャブジャブ供給ということで、
決してドル高になるような材料ではありません。株高、ドル安方向。）
では、この材料を受けて、机上の空論ならぬ現実のマーケットはどのように動いたのでしょうか？
↓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？
5分足 以下のチャートでは21：15が日本時間03：15
FOMC発表の初動は、
NYダウ 若干下げ
ドル 若干売り
の、非常に薄い反応でした。
その後の値動きも大きな動きにはならず、
結局、ほぼ元の水準で落ち着きました。
さて、場味の分析ですが、
特にサプライズのない材料に対して、
マーケットは反応薄でした。
完全に様子見ムードになっております。
米大統領選（11/6）と中国共産党大会（11/8）を目前に控えており、
マーケットは早くも様子見モードのようです。
10月中は大きな動きは無さそうです。