🛑🛑🛑Urgent urgent urgent update🛑🛑🛑
⤵️🇺🇸Fed members felt that the public appears to have a good understanding of the data-driven approach followed by the committee in formulating monetary policy and its commitment to achieving its dual mandate goals of providing maximum employment and price stability. The US Federal Reserve stressed the importance of continuing to deliver this message.
⤵️🇺🇸 Participants pointed to disappointing readings on inflation during the first quarter and indicators indicating strong economic momentum, and estimated that it will take longer than previously expected until they gain greater confidence that inflation is moving sustainably towards 2%.
⤵️🇺🇸In discussing risk management considerations that could influence policy forecasts, participants generally assessed that risks to achieving the Committee's employment and inflation targets had moved toward a better balance over the past year.
⤵️🇺🇸 US Federal Reserve members remained very concerned about inflation risks and pointed to the uncertainty associated with the economic outlook.
🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR
Part 2️⃣
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