No Rate Hike - FOMC Statement

• **FOMC: NO POLICY CHANGE, 0-0.25% TARGET 'REMAINS APPROPRIATE'
• **FOMC: GLOBAL ECON,FIN EVENTS 'MAY RESTRAIN ECON ACTIVITY'
• **FOMC: VOTE 9-1; LACKER DISSENTS, WANTED 25 BPS HIKE

Full  Statement below:
Information received since the Federal Open Market Committee met in June indicates July suggests that economic activity has been  expanding moderately in recent months. Growth in at a moderate pace.
Household spending has been moderate and business fixed investment have been increasing moderately, and the housing sector has shown additional improvement improved further ; however, business fixed investment and net exports stayed have been soft. The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests  how that under utilization of labor res


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