Fed policy statement: Inflation has made further progress towards 2% target, but remains "slightly elevated"
2024-09-18 18:08:41
The Federal Reserve's FOMC statement said inflation had made further progress towards its 2 per cent target but remained "slightly elevated" and that risks to the employment and inflation targets were balanced. Members voted 11-1 to approve the rate decision, with Governor Bowman dissenting that interest rates should be cut by 25 basis points.
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