United States

Highlights of Central Bank Statement

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 1-1/2 to 1-3/4 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.

The FOMC are clearly focused on inflation being returned to 2% therefore the Inflation indicators become significant and even more so when the consensus reflects indifferent or worsening conditions.

The labor market is also a focus and can be traded into when the consensus is indifferent or worsening.