Summary The Governing Council decided to take further steps in normalizing monetary policy. Throughout this process, it will maintain optionality, data-dependence, gradualism and flexibility. (Change) Judged that the incoming data since its last meeting reinforced its...
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Latest Commentary
Your Next Quarterly 401(k) Statement May Be Alarming. Here’s Why
Philip Chao was interviewed by CNBC. Here is the complete article.
FOMC, May 4, 2022, Press Release – What has changed?
Summary: Economic activity edged down but household spending and business fixed investment remain strong. (Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. (No...