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Federal Reserve issues FOMC statement
Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the ... (full story)
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*Fed Says Holding Rates Allows FOMC to Assess Additional Data
— *seven (@sevenloI) June 14, 2023
*Fed Pauses Rate Hikes but Signals More Tightening to Come
*Fed Median Rate Forecasts Rise to 5.6% End-’23, 4.6% End-’24
*Fed Says ‘Extent of Additional’ Firming to Hinge on Economy
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