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Federal Reserve issues FOMC statement
Recent indicators suggest that economic activity has been expanding at a moderate 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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FOMC: Voted 11-0 For Fed Funds Rate Action
— *Walter Bloomberg (@DeItaone) July 26, 2023
FOMC: Economic Activity Has Been Expanding At a Moderate Pace
FOMC: Job Gains Have Been Robust in Recent Months, Unemployment Rate Has Remained Low
FOMC Will Continue to Assess Additional Information, Implications for Monetary Policy…
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️*FED WILL CONTINUE SAME PACE OF REDUCING TREASURY, MBS HOLDINGS
— Cable FX Macro (@cablefxmacro) July 26, 2023
*FED REPEATS WILL TAKE CUMULATIVE TIGHTENING, LAGS INTO ACCOUNT
*FED: INFLATION ELEVATED, HIGHLY ATTENTIVE TO INFLATION RISKS
*FED REPEATS TIGHTER CREDIT LIKELY TO WEIGH ON ACTIVITY
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