June 12July 31, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. EDTRecent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strongmoderated, and the unemployment rate has remainedmoved up but remains low. Inflation has eased over the past year but remains somewhat elevated. In recent months, there has been modestsome further progress toward the Committee's 2 percent inflation objective.The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved towardcontinue to move into bet
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