🔴 Urgent | The most important thing contained in the monetary policy report.. 🇺🇸

🔰 Federal Reserve Bank:

- Labor supply and demand are similar to the period immediately before the pandemic, when the labor market was relatively tight but not overheated.

We have seen modest progress in inflation this year but still need more confidence before moving to lower interest rates.

Liquidity in most local banks is still abundant.

The financial system remains sound and resilient, although parts of banks' commercial real estate portfolios are facing pressure.

Financial conditions appear somewhat constrained in terms of balance, and the pace of bank lending is somewhat tepid.

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