forex.pm forex forum binary options trade

Forex news -forex broker review => Forex => Topic started by: forex4you on Jul 06, 2024, 06:44 am

Title: Fed mon pol report: Labor supply-demand balance resembles pre-pandemic period
Post by: forex4you on Jul 06, 2024, 06:44 am
Fed mon pol report: Labor supply-demand balance resembles pre-pandemic period

  • Further progress seen on inflation this year but still need 'greater confidence' before moving to cut rates
  • Housing-related inflation to gradually decline
  • Still significant disparities in the jobs market
  • Financial system sound and resilient
  • Valuations high relative to fundamentals in major asset classes
  • Full report
  • "Inflation eased notably last year and has shown modest further progress so far this year"​​.

  • "The labor market continued to rebalance over the first half of this year, and it remained strong"​​.

  • "Real GDP growth is reported to have moderated in the first quarter after having increased at a robust pace in the second half of last year"​​.
  • "Measures of longer-term inflation expectations are within the range of values seen in the decade before the pandemic and continue to be broadly consistent with the FOMC's longer-run objective of 2 percent"​​.

  • "Personal consumption expenditures price inflation slowed notably last year and has shown modest further progress this year, it remains above the FOMC's longer-run objective of 2 percent"

The Federal Reserve's Monetary Policy Report is a semiannual report submitted to Congress. It's an overview of the nation's economic and financial conditions, as well as the Federal Reserve's monetary policy actions and plans but it's rarely a market mover.



                This article was written by Adam Button at www.forexlive.com.

Source: Fed mon pol report: Labor supply-demand balance resembles pre-pandemic period (https://www.forexlive.com/centralbank/fed-mon-pol-report-labor-supply-demand-balance-resembles-pre-pandemic-period-20240705/)

forexlive.com