Hello again, YCC?

Research evidence excerpt

Hello again, YCC?

2026年 6月 18日

図表5. FOMC 声明文

2026年6月16日-17日 2026年4月28日-29日

The Federal Open Market Committee approved the following In support of its goals, the Committee decided to maintain the target

statement for release by a 12 – 0 vote: range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In

FF金利 The Committee decided to maintain the target range for the federal considering the extent and timing of additional adjustments to the

funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal target range for the federal funds rate, the Committee will carefully

Reserve's dual mandate. assess incoming data, the evolving outlook, and the balance of risks.

The Committee reaffirmed its policy of maintaining ample reserves in

量的政策 the banking system.

Economic activity is expanding at a solid pace despite elevated Recent indicators suggest that economic activity has been

uncertainty that owes, in part, to the conflict in the Middle East. expanding at a solid pace. Job gains have remained low, on average,

景気認識 Productivity growth and capital investment are strong. Job gains and the unemployment rate has been little changed in recent

have kept pace with the workforce, and the unemployment rate has months.

changed little.

Inflation remains elevated relative to the Committee's 2 percent goal, Inflation is elevated, in part reflecting the recent increase in global

物価認識 in part reflecting supply shocks that have driven price increases in energy prices.

certain sectors, including energy.

Developments in the Middle East are contributing to a high level of

先行き uncertainty about the economic outlook. The Committee is attentive

to the risks to both sides of its dual mandate.

The Committee will deliver price stability. The Committee seeks to achieve maximum employment and