🛑🛑🛑Urgent urgent urgent update🛑🛑🛑
🔴 Federal Reserve officials grew increasingly concerned about inflation at their recent meeting, with members indicating they lacked confidence to move forward with lowering interest rates.
“Participants noted that although inflation has declined over the past year, in recent months there has been a lack of progress towards the Committee’s 2 percent target.” “Recent monthly data showed significant increases in the inflation components of both goods and services
🔴 The Federal Open Market Committee voted unanimously at the meeting to keep the benchmark interest rate for short-term borrowing in the range of 5.25%-5.5%, which is the highest level in 23 years where it has been since July 2023.
The minutes stated: “Participants estimated that maintaining the current target range for the federal funds rate at this meeting was supported by data released between the meetings indicating continued strong economic growth.”
🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
