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LOl I don't care. I TOLD YOU SO? WHISPER psss - FOMC REPORT - FED REPORT - Martyn Lucas Investor
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FOMC REPORT - FED REPORT - Will rates come down?
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Fed policymakers continue to expect that inflation would return to 2% over the medium term, although recent data has not increased their confidence in progress toward the target, minutes from the April 30th -May 1st FOMC meeting showed. The officials suggested that the disinflation process would likely take longer than previously thought and some suggested a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate. As a result, maintaining the current target range for the federal funds rate at 5.25%-5.50% was supported by intermeeting data indicating continued solid economic growth. The Federal Reserve kept the target range for the federal funds rate unchanged at 5.25%-5.50% during its May meeting for the sixth consecutive time, as ongoing inflationary pressures and a tight labor market indicate a stall in progress toward bringing inflation back down to its 2% target this year
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