Key takeaways Should data show inflation moving sustainably to 2%, it will eventually become appropriate to gradually lower policy rate., Baseline outlook continues to be inflation will return to 2% with policy rate held steady for some time. Willing to raise the target rate at a future meeting if inflation progress stalls or reverses. Will remain cautious in approach to future changes in policy stance.
Other central banks may ease monetary policy sooner or more quickly than the Fed. Only modest further progress on US inflation seen this year. Expecting US inflation to remain elevated for some time, still see a number of upside inflation risks. US labor market remains tight, despite some further rebalancing. Market reaction The US Dollar Index edged higher in reaction to these comments and was last seen rising 0.1% on the day at 105.58.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CBSNews - 🏆 87. / 68 Read more »
Source: NBCNewYork - 🏆 270. / 63 Read more »
Source: NBCNewsHealth - 🏆 707. / 51 Read more »