🗣️Fed:

•The decision to keep the policy rate unchanged was unanimous.

•FOMC members will not cut rates until they are confident that the interest rate will reach the 2% target.

•There has been some progress toward the 2% inflation target in recent months.

🗣️Fed:

•The economy continues to grow at a solid pace.

•Employment gains have slowed, unemployment has increased but remains low.

•Inflation has declined but remains slightly elevated.