2024-05-03 07:41:45 ET
Summary
- The Federal Reserve is committed to returning inflation to its 2 percent objective.
- There will be no change in the target range for the federal funds rate.
- The Federal Reserve will continue to reduce the size of its securities portfolio but at a slower pace starting in June 2024.
- This all seems to fit into a narrative that describes a stronger U.S. and a stronger U.S. dollar.
"The (Federal Open market Committee) is strongly committed to returning inflation to its 2 percent objective."
This comes from the Federal Reserve statement issued by the Federal Reserve following its Wednesday, May 1, meeting....
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Federal Reserve Watch: The Beat Continues