Subtle shift in the FOMC statement language indicates why rate cuts have been put on hold ...Middle East

On inflation, this:

“Inflation has made progress toward the Committee’s 2 percent objective but remains somewhat elevated”

“Inflation remains somewhat elevated”

ie, 'made progress' was dropped. This is key. Goldman Sachs picked up on it:

Goldman Sachs says Federal Reserve is waiting for further inflation progress to cut again

“The unemployment rate has stabilized at a low level in recent months, and labor conditions remain solid.”

Trump is not happy:

Trump speaking - he is really upset the Federal Reserve didn't cut interest rates

A hawkish hold.

This article was written by Eamonn Sheridan at www.forexlive.com.

Hence then, the article about subtle shift in the fomc statement language indicates why rate cuts have been put on hold was published today ( Thursday 30/01/2025 - 02:07 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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