The changed language of most note in the Federal Open Market Committee (FOMC) statement.
On inflation, this:
was changed to
“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 againOn jobs, the words that the employment markets had “generally eased” in the prior statement was removed, and now we have:
“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 ratesHe is going to remain unhappy with the Fed on hold for a while at my guess.
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 ( ) 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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