Reported 7 months ago
The Federal Reserve released a policy statement confirming that economic activity in the US continues to expand at a solid pace, with strong job gains and low unemployment. The statement highlighted that while inflation has eased over the past year, it remains elevated, and the Committee aims to achieve maximum employment and 2 percent inflation in the long run. The Committee decided to maintain the federal funds rate target range and will assess incoming data before adjusting the rate. They are also committed to reducing holdings of securities and continue to monitor various economic indicators for policy adjustments if needed.
Source: YAHOO