Current indicators suggest economic activity is expanding at a moderate pace. Job growth has been solid in recent months and the unemployment rate remains low. Inflation remains high. The US banking system is strong and resilient. Tighter credit conditions for households And businesses are likely to put pressure on economic activity, employment and inflation. degree These effects remain uncertain. The Committee remains very wary of inflation risks. The commission targets maximum employment and inflation. 2% in the long run. In support of these goals, the Commission: The target range for the federal funds rate is 5-1/4% to 5-1/2%. The committee will continue Additional information and an assessment of its impact on monetary policy. When determining the range Additional monetary tightening appropriate to bring inflation back to 2% over time Committee considers cumulative tightening of monetary policy with lag What kind of monetary policy influences economic activity, inflation, economy and finance? development. In addition, the Commission will continue to reduce its holdings of government bonds. Securities and Agency Debt and Agency Mortgage Backed Securities (see above) announced plans. The committee is determined to bring inflation back to 2% the purpose.
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