The Federal Reserve on Wednesday signaled it’s almost done raising interest rates, saying the economy is in a “good place” and that inflation poses little threat.
Chairman Jerome Powell said the central bank can afford to be patient because the economy is growing at a steady pace, unemployment is low and inflation is tame. Notable changes to the statement showed concern for the outlook for the first quarter. Fed officials said growth has slowed from its solid rate in the fourth quarter and said there were signs of slower growth in consumer and business spending. The statement noted that overall inflation had “declined,” while noting that core inflation, excluding food and energy prices, had remained near 2%.
Source: Financial Digest (financialdigest.net)
unwind the balance sheet !
Thanks to new google store apps, printing money is easy (thus the perpetual markdown in its pricing). Only in America.
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