"has clearly improved since the last meeting"
"when they get enough evidence inflation is decelerating."
The Federal Reserve left its key interest rate unchanged at about 3.6% after cutting rates three times last year. The central bank noted an improved economic outlook and signs that the job market is stabilizing. With healthy economic growth and a leveling unemployment rate, policymakers see little urgency to rush further cuts. Most officials still expect additional rate reductions this year but require clearer evidence that inflation is moving toward the 2% target; the Fed's preferred inflation measure was 2.8% in November. Two officials dissented, preferring an additional quarter-point reduction.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]