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Federal Reserve issues FOMC statement
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 contributing to 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 and ... (full story)
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FOMC STATEMENT COMPARISON (Dec vs Nov):$FOMC $USD pic.twitter.com/pYw2e6ojTO
— Newsquawk (@Newsquawk) December 14, 2022
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FOMC Hikes By 50Bps; Target Range Stands At 4.25% - 4.50%
— LSTrade (@LSTrade2) December 14, 2022
- Interest Rate On Reserves Balances Raised By 50Bps To 4.40% $DXY $USD
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THE FED SAYS INFLATION IS STILL HIGH AND THAT IT IS PAYING CLOSE ATTENTION TO INFLATION RISKS.
— Breaking Market News (@financialjuice) December 14, 2022
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