Pie in the sky

TITILE:Pie in the sky

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The US Federal Reserve Board announced on July 31 that it would keep the target range of the federal funds rate unchanged at 5.25% to 5.5%, in line with market expectations. This is the eighth consecutive time the Fed has left this range unchanged since September 2023.
The Federal Reserve issued a statement after a two-day monetary policy meeting. The statement made some changes to previous language, changing from “inflation remains elevated” to “somewhat elevated,” from “concerns about inflation risks” to “concerns about two-way risks to the dual mandate,” and from “risks are moving toward a better balance” to “Risks continue to move toward a better balance.”

Author:Catherine

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