FOMC Minutes Summary - April 10th, 2024
Posted: Apr 10, 2024
- Federal Open Market Committee (FOMC) meeting on March 19-20, 2024 had a cautious outlook on the economy and inflation - Key highlights include solid economic growth, strong labor market, and concerns about inflation - Monetary policy stance maintained with federal funds rate at 5¼ to 5½ percent - Committee anticipates a move to a less restrictive stance within the year - Significant discussion on uncertainties and risks facing the economy - Overall, the FOMC minutes show a cautious but hopeful outlook on the economy and commitment to stabilizing prices at 2 percent target.
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