Archi Pixel
@choptop
Inflation is moving in the right direction, but not fast enough to lower interest rates More favorable data are needed to give them more confidence that inflation is moving steadily toward 2% Several meeting participants noted that if inflation remains elevated or continues to rise, the target range for the federal funds rate may need to be raised. The summary also noted that the overwhelming view is that economic growth is gradually slowing and that current policy is restrictive.
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