🇺🇸 LATEST FED (FOMC) STATEMENT: LITTLE CHANGE FROM MAY
The Federal Open Market Committee (FOMC) released a policy statement largely unchanged from its May meeting, reaffirming its cautious stance as it monitors economic conditions.
🔹 Economic Outlook:
The Fed noted that the U.S. economy is growing at a “moderate” pace, with low unemployment and inflation remaining slightly elevated.
🔹 Reduced Uncertainty, But Still Present:
While the Fed acknowledged that uncertainty around the economic outlook has lessened, it emphasized that risks remain, and close monitoring is still needed.
🔹 Dual Mandate Commitment:
The FOMC reiterated its dedication to the Fed’s dual mandate:
• Ensuring price stability (containing inflation)
• Supporting maximum employment
🔹 Less Concern Over Trade Policy Risks:
Interestingly, the statement showed the Fed is now less worried about economic volatility linked to the White House’s trade policies, including tariffs.
📌 Summary:
This update reflects the Fed’s cautious optimism, suggesting that while progress is being made, persistent inflation and global uncertainties continue to warrant a careful and data-dependent approach.
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