Federal Reserve Statement – Highlights Jun 2021

Federal Reserve Statement – Highlights Jun 2021

Here are the highlights of the Federal Reserve and Chairman Jerome Powell statement:

  • The US Federal Reserve kept interest rates at 0.25% as expected.
  • Interest rates are expected to remain unchanged until the end of 2021.
  • According to the Federal Reserve, net inflation is projected to be around 3% in 2021. The previous forecast was 2.2%.
  • Inflation has risen sharply in recent months.
  • Inflation is expected to remain high in the coming months.
  • Policies will continue to strongly support the economy.
  • The rate of change in the labor market is contradictory.

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