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Federal Reserve issues FOMC statement
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, ... (full story)
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*FED HOLDS BENCHMARK RATE IN 5.25%-5.5% TARGET RANGE
— zerohedge (@zerohedge) May 1, 2024
*FED: LACK OF FURTHER PROGRESS TOWARD 2% GOAL IN RECENT MONTHS
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THE FED DOES NOT EXPECT IT WILL BE APPROPRIATE TO CUT RATES UNTIL IT HAS GAINED GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%.
— FinancialJuice (@financialjuice) May 1, 2024
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