Inflation remains above the Fed’s 2 per cent target, with price pressures continuing to weigh on households and businesses. The Federal Open Market Committee (FOMC) reiterated its commitment to achieving maximum employment and price stability, noting that uncertainty about the economic outlook remains elevated.
The central bank confirmed that it will continue reducing its holdings of Treasury securities, agency debt, and mortgage-backed securities to tighten financial conditions. It emphasised that any future changes to interest rates will be guided by incoming economic data, inflation expectations, and global developments, as per the FOMC statement.
The Fed stated it is prepared to adjust policy further if risks emerge that threaten progress toward its dual mandate. Market participants will closely watch upcoming data releases to gauge whether additional rate cuts are likely in the coming months.
ALCHEMPro News Desk (KD)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
