Federal Reserve Policy Statement: Inflation Has Made Further Progress Toward the 2% Goal But Remains "Slightly Elevated"
Article is form Jinse
September 18, 2024
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According to Golden Finance, the Federal Open Market Committee (FOMC) statement said inflation has made further progress toward the 2% target but remains "slightly elevated"; risks to the employment and inflation goals are balanced. Members voted 11-1 to approve the interest rate decision, with Governor Bowman dissenting and advocating for a 25 basis point cut.
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