FOMC Minutes June 27th/28th Meeting
Risks to economic growth “more balanced” Inflation level is “favorable” but moderation trend is not yet convincing Fed funds target will continue to be 5.25% “More balanced” risks to growth while upside risks to inflation persist According to the FOMC minutes, “Risks to growth were more balanced than at the time of the May meeting.” The balance primarily stems from the improvement in business spending data that was available between the May and June meeting. Moreover, members anticipate
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