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Monetary Policy Report

FED
Excerpt from latest report: "With inflation well above the FOMC’s longer-run objective and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate."
  • While measures of near-term inflation expectations moved substantially higher over the course of last year, measures of longer-term inflation expectations have moved up only modestly; they remain in the range observed over the decade before the pandemic and thus appear broadly consistent with the FOMC’s longer-run inflation objective of 2 percent.
  • Link to latest Statement on Longer-Run Goals and Monetary Policy Strategy:
  • https://www.federalreserve.gov/monetarypolicy/file...

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