Today is the FOMC announcement day and CPI report day. As expected, the Fed kept rates unchanged. The FOMC statement is basically the same as the May one except for a change of wording on from “a lack of progress” to “modest progress” toward the 2% inflation objective. In addition to the rate decision, people were also anxiously waiting for the rate projections aka dot plot for 2024 and beyond. The FOMC members’
6/12/2024: Fed Kept Rates Unchanged
6/12/2024: Fed Kept Rates Unchanged
6/12/2024: Fed Kept Rates Unchanged
Today is the FOMC announcement day and CPI report day. As expected, the Fed kept rates unchanged. The FOMC statement is basically the same as the May one except for a change of wording on from “a lack of progress” to “modest progress” toward the 2% inflation objective. In addition to the rate decision, people were also anxiously waiting for the rate projections aka dot plot for 2024 and beyond. The FOMC members’