FOMC September 18th Meeting
· The uncertainty about future developments in the economy implies, to some degree, a higher uncertainty as whether or not further cuts will be necessary · Inflation appears to be contained, at least in the short term, and the readings on core inflation continued to be favorable Members of the FOMC recognize the “unusual nature” of the current financial shock by expressing their concerns regarding the validity of current economic data as a gage of economic activity. The depth of the negative
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