The Federal Reserve announced the statement of the July meeting on interest rates and other information. At this meeting, the position of easing policy remained unchanged. The Federal Reserve announced that it would raise the target range of the policy interest rate federal funds interest rate from 1.50% to 1.75% to 2.25% to 2.50%, and raise interest rates by 75 basis points again, in line with market expectations.

One: American interest rate meeting in July

1. interest rate, FOMC kept the target interest rate of federal funds unchanged at 0-0.25% at this meeting. In terms of asset purchase, the meeting maintained the QE purchase amount at least 654.38+020 billion USD/month unchanged (80 billion national debt+40 billion MBS). At the same time, the reserve interest rate (0. 15%) and the overnight reverse repo rate (0.05%) remain unchanged. In addition, the Standing Repo Tool (SRF) was established as a new support tool for the money market.

2. Policy statement. In the policy statement, this meeting paid attention to the vaccine progress and strong policy support, and economic activities and employment indicators were strengthened. On February 65438 last year, the Committee said that it would continue to increase its holdings of at least $80 billion in national debt and at least $40 billion in MBS every month until substantial progress was made in achieving the economic goals of full employment and price stability. Since then, the economy has made progress towards these goals, and the Committee will continue to evaluate the progress in future meetings.

2. Statement on inflation: Powell said that the inflation rate is far higher than our current target, but it is expected to fall to the long-term target. The supply bottleneck is bigger than expected, and the inflation rate has risen obviously. It will remain high in the next few months and then ease. "Temporary" means that the process of inflation will stop. It is hard to say when inflation will come down. If inflation persists and is significantly higher than the target, the Fed will take action.

3. Statement on employment: Powell's relevant statement is that there is still a long way to go for North Korea to make substantial progress in achieving its employment goals. Epidemiological factors seem to be affecting employment growth, but they should weaken in the coming months. Delta Air Lines may put pressure on the return of the labor market and is monitoring it carefully.

4. Statement on inflation: Powell said that inflation is far above our target now, but it is expected to fall to the long-term target. The supply bottleneck is bigger than expected, and the inflation rate has risen obviously. It will remain high in the next few months and then ease. "Temporary" means that the process of inflation will stop. It is hard to say when inflation will come down. If inflation persists and is significantly higher than the target, the Fed will take action.

5. Statement on employment: Powell's relevant statement is that there is still a long way to go for North Korea to make substantial progress in achieving its employment goals. Epidemiological factors seem to be affecting employment growth, but they should weaken in the coming months. Delta Air Lines may put pressure on the return of the labor market and is monitoring it carefully.

Legal basis:

According to federal reserve act, the goal of the Federal Reserve's monetary policy is to control inflation and promote full employment.