Fed Maintains Interest Rates Unchanged After-Meeting Statement States Inflation Improving but Caution Increases

Reported about 1 year ago

The Federal Reserve announced its latest interest rate decision in the early hours of June 13 in Taiwan time, keeping the statement post-meeting almost the same as the previous one but entirely removing the mention of slowing 'quantitative tightening.' The current statement indicates progress in lowering inflation but the Fed appears more cautious about when to ease monetary policy. The statement highlights ongoing economic expansion, strong job growth, and the need to balance employment and inflation goals, keeping the federal funds rate target range at 5.25% to 5.5% while closely monitoring risks and data for any adjustments.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis