Fed Statement comparison: July vs June
June 14July 26, 2023 Recent indicators suggest that economic activity has continued to expandbeen expanding at a modestmoderate pace. Job gains have b
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June 14July 26, 2023 Recent indicators suggest that economic activity has continued to expandbeen expanding at a modestmoderate pace. Job gains have b
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 Federal Reserve raises its key interest rate in a bid to curb inflation. Read more
FOMC raises federal funds rate by 25bps to 5.25-5.50% as widely expected, by unanimous vote. The accompanying statement is like a carbon copy for the June's one. The one exception is:
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.