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Federal Reserve issues FOMC statement
Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The invasion and related events are creating additional upward pressure on inflation and are weighing on global economic activity. In addition, COVID-related lockdowns in China are likely to exacerbate supply chain ... (full story)
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FED SAYS BALANCE SHEET REDUCTION WILL PROCEED AS PLANNED
— *Walter Bloomberg (@DeItaone) June 15, 2022
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FED: JOB GAINS ARE ROBUST, AND UNEMPLOYMENT HAS REMAINED LOW.
— Breaking Market News (@financialjuice) June 15, 2022
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on May 4. Text removed from the May statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements.
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