As expected! .... Move On People!! ..... nothing to see here!!!
Recent indicators point to modest growth in spending and production. 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 food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks. The Committee seeks to achieve maximum employment ... (full story)
FED HIKES INTEREST RATE BY 75BPS TO 3.25% VS 2.50% PREVIOUS; EST 3.25%— First Squawk (@FirstSquawk) September 21, 2022
FED SAYS RECENT INDICATORS POINT TO MODEST GROWTH IN SPENDING AND PRODUCTION— *seven (@sevenloI) September 21, 2022
FED SAYS PREPARED TO ADJUST POLICY AS APPROPRIATE
FED SAYS VOTE IN FAVOR OF POLICY WAS UNANIMOUS
FED SAYS INFLATION REMAINS ELEVATED, REFLECTING PANDEMIC-RELATED IMBALANCES, HIGHER FOOD AND ENERGY PRICES, BROADER PRICE PRESSURES— *seven (@sevenloI) September 21, 2022
FED SAYS WAR IN UKRAINE CREATING ADDITIONAL UPWARD PRESSURE ON INFLATION, WEIGHING ON GLOBAL ECONOMIC ACTIVITY