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US Monetary Policy Report
The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate long-term interest rates. The Committee seeks to explain its monetary policy decisions to the public as clearly as possible. Such clarity facilitates well-informed decisionmaking by households and businesses, reduces economic and financial uncertainty, increases the effectiveness of monetary policy, and enhances transparency and accountability, which are essential in a democratic society. Employment, inflation, and long-term interest rates ... (full story)
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— PiQ (@PiQSuite) July 5, 2024
MODEST FURTHER PROGRESS SEEN ON INFLATION THIS YEAR BUT STILL NEED 'GREATER CONFIDENCE' BEFORE MOVING TO RATE CUTS, FED MONETARY POLICY REPORT SAYS
** FED: LABOR SUPPLY AND DEMAND RESEMBLES PERIOD RIGHT BEFORE THE PANDEMIC, WHEN THE LABOR MARKETWAS RELATIVELY TIGHT BUT NOT…