Federal Reserve's FOMC: Economic Activity Robust, Inflation Nearing 2% Target
CryptoNewsTerminal Staff18 Sep, 2024
Federal Reserve's FOMC: Economic Activity Robust, Inflation Nearing 2% Target
Federal Reserve's FOMC: "Economic Activity Robust... Inflation Nearing 2% Target" The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) stated in a statement that "recent indicators point to a robust pace of economic expansion. Job growth has moderated and the unemployment rate has risen, but remains at a low level. Inflation has moved closer to the target of 2 percent but is still running somewhat high,." The FOMC also noted that "risks to the economic outlook remain," including "the possibility of a further slowdown in global economic growth and the potential for financial market volatility." The FOMC is continuing to monitor these risks and will "adjust policy as appropriate" in order to achieve its goals of price stability and maximum employment. ```
