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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 moderated, and the unemployment rate has moved up but remains low. Inflation has eased over the past year but remains somewhat elevated. In recent months, there has been some 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 continue to move into better balance. The economic outlook is uncertain, and ... (full story)
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*FED REPEATS WAITING FOR GREATER CONFIDENCE ON INFLATION TO CUT
— zerohedge (@zerohedge) July 31, 2024
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*FED: RISKS TO ACHIEVING EMPLOYMENT, INFLATION GOALS CONTINUE TO MOVE INTO BETTER BALANCE
— DB News TradFi (@DBNewswire) July 31, 2024
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