Eastern Time at 14:15 on the 29th, a day after the U.S. Federal Reserve meeting on interest rates after the announcement by 50 basis points rate cut, which lowered the benchmark interest rate by 1%. At the same time lowered the discount rate by 50 basis points to 1.25 percent.
U.S. Federal Reserve's move earlier in line with market expectations generally, as well as the federal benchmark interest rate fell to a 4-year low, but not yet breakdown in 1958, President Eisenhower was in office when the lowest in history.
This is the second time this month since the Federal Reserve to cut interest rates by 50 basis points. Prior to the Oct. 8, the Federal Reserve has coordinated a number of countries worldwide along with the central bank to cut interest rates simultaneously.
29 pm at the same time the Federal Reserve released a brief statement said: "At present, intense turmoil in the financial markets would make the situation in the consumer and the company faced credit problems, which could greatly inhibit consumer spending."
U.S. Federal Reserve hinted that lower interest rates because of weakness in the economy reduces the risk of inflation out of control.
In fact, the current weak economy has given way to oil and other commodity prices had dropped dramatically.
Economists believe the U.S. economy already in recession. U.S. government will be announced Thursday in the third quarter of this year's economic data. Many economists believe the economic data contained in the report of the third quarter year-on-year GDP growth rate will be around 0.5 percent. In the fourth quarter of this year, as well as in the first quarter of next year's GDP growth will be negative.
Emergence of GDP for two consecutive quarters of negative growth is seen as a significant economic recession signs. Economists believe the Federal Reserve to lower interest rates in the context of radical, as well as other efforts aimed at financing the credit market initiatives, but want to avoid is a long-term U.S. economic downturn.
Over the past 13 months, the Federal Reserve would have been the benchmark interest rate from 5.25 percent level dropped, and set up a mechanism of the six lenders, the financial system to the injection of more than 1 trillion dollars.
Following is the Federal Open Market Committee (FOMC) Wednesday released the latest monetary policy statement:
Federal Open Market Committee decided today to lower the federal funds rate by 50 basis points to 1%.
The main impact of tighter spending by consumers, the macro-economic growth rate has slowed down significantly.
In recent months, since production equipment business spending and industrial output at the same time become weak; a lot of countries overseas economic activity weakened, leading to U.S. export prospects. In addition, the financial market turmoil exacerbated by reduced U.S. companies and individuals the ability to obtain loans, may inhibit further growth of spending.
In view of the energy and other commodity prices continued to fall, as well as economic activity will be weak expectations, the Committee in the next few months is expected to ease inflationary pressures, to maintain price stability.
In other central banks to cut interest rates to take the synchronized, massive injection of liquidity to the market and the government to stabilize the financial system, and other measures, the United States has recently taken by the monetary policy actions, including measures to cut interest rates today, will be able to After a period of time to play to improve credit market conditions, to return to moderate economic growth on track. However, economic growth still exist down the risk. The Committee will continue to monitor economic and financial market conditions and take measures to promote sustainable economic growth and price stability.
The vote to cut interest rates by 50 basis points in support of the Open Market Committee members are: Chairman Ben Bernanke (Ben S. Bernanke), vice chairman of Qana (Timothy F. Geithner), Duke (Elizabeth A. Duke), Fisher (Richard W. Fisher), Cohen (Donald L. Kohn), Randall (Randall S. Kroszner), Pianalto (Sandra Pianalto), Charles (Charles I. Plosser) and Warsh (Kevin M. Warsh).
At the same time, the Council unanimously agreed that the Fed will cut the discount rate by 50 basis points to 1.25 percent. In reaching this decision, the Board approved the Boston, New York, Cleveland, and San Francisco Federal Reserve Bank Board of Directors.
美国东部时间29日下午2时15分，美联储在经过一天多的议息会议之后宣布降息50个基点，从而将基准利率降至1%的水平。贴现率同时下调50个基点，至1.25%。
美联储的这一举动符合此前市场的普遍预期，同时也将联邦基准利率降至了4年来的最低水平，不过尚未击穿1958年艾森豪威尔总统在位时的历史最低纪录。
这也是本月以来美联储第二次降息50个基点的行动。此前在10月8日，美联储曾经协同全球若干国家央行一起同步降息。
美联储29日下午同时公布的一份简短声明称：“目前激烈动荡的金融市场局势将使得消费者与公司遭遇信贷上的困难，从而可能将极大地抑制消费支出。”
美联储暗示利率仍有下调空间，因为目前疲软的经济降低了通胀失控的风险。
实际上，目前的经济弱势已经让油价和其他日用品价格出现了戏剧性的下跌。
经济学家们相信美国经济已经陷入衰退。美国政府周四将公布今年第三季度的经济运行数据。许多经济学家都认为这份经济数据报告包含的三季度GDP同比增长率会在0.5%左右。预计今年第四季度以及明年的第一季度GDP会出现负增长。
GDP出现连续两个季度的负增长被视为是经济衰退的显著标志。经济学家们认为目前美联储在降低利率方面的激进努力以及其他旨在融通信贷市场的举措，不过是希望避免美国陷入长期经济低迷。
过去13个月以来，美联储已经将基准利率从5.25%的水平大幅下调，并设置了六个放款机制，向金融体系的注资超过了1万亿美元。
以下是联邦公开市场委员会(FOMC)周三发布的最新货币政策声明全文:
联邦公开市场委员会今日决定将联邦基金利率下调50个基点，至1%。
主要受到消费者开支紧缩影响，宏观经济增长速度已显著放缓。
最近几个月以来企业在生产设备方面的开支以及工业产出同时趋于疲软；很多海外国家经济活动减弱，导致美国出口行业前景黯淡。此外，金融市场动荡加剧降低了美国企业和个人获得贷款的能力，可能进一步抑制开支成长。
鉴于能源和其他大宗商品价格持续下跌以及经济活动将更为疲软的预期，委员会预计未来几个月的通货膨胀压力和缓，物价能够维持稳定。
在其他各国央行采取的同步降息、大规模向市场注入流动性以及政府出面稳定金融系统等措施的配合下，最近以来美国采取的货币政策行动，包括今天的降息措施在内，将能够在一段时间之后起到改善信贷市场状况、促进经济重返适度增长的正轨。但经济增长下行的风险依旧存在。委员会将继续监控经济与金融市场状况，并在需要时采取措施来促进经济的可持续增长以及物价的稳定。
此次投票支持降息50个基点的公开市场委员会成员包括：主席伯南克(Ben S. Bernanke)、副主席盖纳(Timothy F. Geithner)、杜克(Elizabeth A. Duke)、费希尔(Richard W. Fisher)、科恩(Donald L. Kohn)、克罗兹纳(Randall S. Kroszner)、皮亚纳托(Sandra Pianalto)、普罗索(Charles I. Plosser)和瓦尔许(Kevin M. Warsh)。
与此同时，美联储理事会全体一致同意将贴现率下调50个基点，至1.25%。在做出这一决定时，理事会批准了波士顿、纽约、克利夫兰、与旧金山联邦储备银行董事会提出的要求。
U.S. Federal Reserve's move earlier in line with market expectations generally, as well as the federal benchmark interest rate fell to a 4-year low, but not yet breakdown in 1958, President Eisenhower was in office when the lowest in history.
This is the second time this month since the Federal Reserve to cut interest rates by 50 basis points. Prior to the Oct. 8, the Federal Reserve has coordinated a number of countries worldwide along with the central bank to cut interest rates simultaneously.
29 pm at the same time the Federal Reserve released a brief statement said: "At present, intense turmoil in the financial markets would make the situation in the consumer and the company faced credit problems, which could greatly inhibit consumer spending."
U.S. Federal Reserve hinted that lower interest rates because of weakness in the economy reduces the risk of inflation out of control.
In fact, the current weak economy has given way to oil and other commodity prices had dropped dramatically.
Economists believe the U.S. economy already in recession. U.S. government will be announced Thursday in the third quarter of this year's economic data. Many economists believe the economic data contained in the report of the third quarter year-on-year GDP growth rate will be around 0.5 percent. In the fourth quarter of this year, as well as in the first quarter of next year's GDP growth will be negative.
Emergence of GDP for two consecutive quarters of negative growth is seen as a significant economic recession signs. Economists believe the Federal Reserve to lower interest rates in the context of radical, as well as other efforts aimed at financing the credit market initiatives, but want to avoid is a long-term U.S. economic downturn.
Over the past 13 months, the Federal Reserve would have been the benchmark interest rate from 5.25 percent level dropped, and set up a mechanism of the six lenders, the financial system to the injection of more than 1 trillion dollars.
Following is the Federal Open Market Committee (FOMC) Wednesday released the latest monetary policy statement:
Federal Open Market Committee decided today to lower the federal funds rate by 50 basis points to 1%.
The main impact of tighter spending by consumers, the macro-economic growth rate has slowed down significantly.
In recent months, since production equipment business spending and industrial output at the same time become weak; a lot of countries overseas economic activity weakened, leading to U.S. export prospects. In addition, the financial market turmoil exacerbated by reduced U.S. companies and individuals the ability to obtain loans, may inhibit further growth of spending.
In view of the energy and other commodity prices continued to fall, as well as economic activity will be weak expectations, the Committee in the next few months is expected to ease inflationary pressures, to maintain price stability.
In other central banks to cut interest rates to take the synchronized, massive injection of liquidity to the market and the government to stabilize the financial system, and other measures, the United States has recently taken by the monetary policy actions, including measures to cut interest rates today, will be able to After a period of time to play to improve credit market conditions, to return to moderate economic growth on track. However, economic growth still exist down the risk. The Committee will continue to monitor economic and financial market conditions and take measures to promote sustainable economic growth and price stability.
The vote to cut interest rates by 50 basis points in support of the Open Market Committee members are: Chairman Ben Bernanke (Ben S. Bernanke), vice chairman of Qana (Timothy F. Geithner), Duke (Elizabeth A. Duke), Fisher (Richard W. Fisher), Cohen (Donald L. Kohn), Randall (Randall S. Kroszner), Pianalto (Sandra Pianalto), Charles (Charles I. Plosser) and Warsh (Kevin M. Warsh).
At the same time, the Council unanimously agreed that the Fed will cut the discount rate by 50 basis points to 1.25 percent. In reaching this decision, the Board approved the Boston, New York, Cleveland, and San Francisco Federal Reserve Bank Board of Directors.
美国东部时间29日下午2时15分，美联储在经过一天多的议息会议之后宣布降息50个基点，从而将基准利率降至1%的水平。贴现率同时下调50个基点，至1.25%。
美联储的这一举动符合此前市场的普遍预期，同时也将联邦基准利率降至了4年来的最低水平，不过尚未击穿1958年艾森豪威尔总统在位时的历史最低纪录。
这也是本月以来美联储第二次降息50个基点的行动。此前在10月8日，美联储曾经协同全球若干国家央行一起同步降息。
美联储29日下午同时公布的一份简短声明称：“目前激烈动荡的金融市场局势将使得消费者与公司遭遇信贷上的困难，从而可能将极大地抑制消费支出。”
美联储暗示利率仍有下调空间，因为目前疲软的经济降低了通胀失控的风险。
实际上，目前的经济弱势已经让油价和其他日用品价格出现了戏剧性的下跌。
经济学家们相信美国经济已经陷入衰退。美国政府周四将公布今年第三季度的经济运行数据。许多经济学家都认为这份经济数据报告包含的三季度GDP同比增长率会在0.5%左右。预计今年第四季度以及明年的第一季度GDP会出现负增长。
GDP出现连续两个季度的负增长被视为是经济衰退的显著标志。经济学家们认为目前美联储在降低利率方面的激进努力以及其他旨在融通信贷市场的举措，不过是希望避免美国陷入长期经济低迷。
过去13个月以来，美联储已经将基准利率从5.25%的水平大幅下调，并设置了六个放款机制，向金融体系的注资超过了1万亿美元。
以下是联邦公开市场委员会(FOMC)周三发布的最新货币政策声明全文:
联邦公开市场委员会今日决定将联邦基金利率下调50个基点，至1%。
主要受到消费者开支紧缩影响，宏观经济增长速度已显著放缓。
最近几个月以来企业在生产设备方面的开支以及工业产出同时趋于疲软；很多海外国家经济活动减弱，导致美国出口行业前景黯淡。此外，金融市场动荡加剧降低了美国企业和个人获得贷款的能力，可能进一步抑制开支成长。
鉴于能源和其他大宗商品价格持续下跌以及经济活动将更为疲软的预期，委员会预计未来几个月的通货膨胀压力和缓，物价能够维持稳定。
在其他各国央行采取的同步降息、大规模向市场注入流动性以及政府出面稳定金融系统等措施的配合下，最近以来美国采取的货币政策行动，包括今天的降息措施在内，将能够在一段时间之后起到改善信贷市场状况、促进经济重返适度增长的正轨。但经济增长下行的风险依旧存在。委员会将继续监控经济与金融市场状况，并在需要时采取措施来促进经济的可持续增长以及物价的稳定。
此次投票支持降息50个基点的公开市场委员会成员包括：主席伯南克(Ben S. Bernanke)、副主席盖纳(Timothy F. Geithner)、杜克(Elizabeth A. Duke)、费希尔(Richard W. Fisher)、科恩(Donald L. Kohn)、克罗兹纳(Randall S. Kroszner)、皮亚纳托(Sandra Pianalto)、普罗索(Charles I. Plosser)和瓦尔许(Kevin M. Warsh)。
与此同时，美联储理事会全体一致同意将贴现率下调50个基点，至1.25%。在做出这一决定时，理事会批准了波士顿、纽约、克利夫兰、与旧金山联邦储备银行董事会提出的要求。
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