Federal Reserve Kept Rates Unchanged; Eases Financial Conditions

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  • #65667
    TradersCom
    Keymaster

    Highlights from Fed Chair Powells press conference
    Pre-QA comments:
    squarely focused on dual mandate
    Fed has covered a lot of ground, full of facts have yet to be felt
    We can proceed carefully
    Our decisions will be based on assessments of data and risks
    Growths in real GDP has come in above expectations
    Consumer spending particularly robust
    Activity and housing has picked up
    Higher rates weighing on business investment
    Labor market remains tight.
    Labor supply and demand continue to comment to better balance
    Labor demand still exceeds supply
    Expects labor market rebalancing to continue, easing upward pressure on inflation
    inflation remains well above our long-run goal of 2%

    #65662
    Helmholtz Watson
    Participant

    The Federal Reserve kept rates unchanged in a target range of 5.25-5.50% in unanimous vote at their November FOMC. Fed said economic activity grew at
    [See the full post at: Federal Reserve Kept Rates Unchanged; Eases Financial Conditions]

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