Text of the policy statement the Federal Reserve released Wednesday ...Middle East

Below is the statement the Fed released Wednesday after its policy meeting ended: Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goal

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Last updated : 26 July 2023 clock 09:29 PM

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Text of the policy statement the Federal Reserve released Wednesday ...Middle East

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