newsletter

The Fed kept the interest rates unchanged at 5.5% in line with consensus estimates. 

Fed's meeting notes include:

⚫Economic activity continues to grow at a steady pace
⚫Job growth has slowed, and the unemployment rate has risen, but remains low
⚫Inflation has decreased over the past year but remains high
⚫Recent months have shown progress toward the 2% inflation target
⚫The risks to the Fed's dual mandate are balanced
⚫Future decisions on monetary policy will depend on incoming macroeconomic data
⚫More confidence in reducing inflation is needed to lower interest rates