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% 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.

2016 market conditions for online dating-47

Since the beginning of the year, the housing sector has improved further but business fixed investment and net exports have been soft.

A range of recent indicators, including strong job gains, points to additional strengthening of the labor market.

Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to have slowed.

Growth in household spending has moderated, although households’ real income has risen at a solid rate and consumer sentiment remains high.

Read: Fed stands pat, silent about timing of next interest rate hike Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.

The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen.

In light of the current shortfall of inflation from 2%, the Committee will carefully monitor actual and expected progress toward its inflation goal.

Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 0.25% to 0.5%.

The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2% inflation.

Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further.

The Committee continues to closely monitor inflation indicators and global economic and financial developments.