meetings point to weakness in inflation as "transitory" – The Economic Journal

The minutes of the last two-day meeting of the US Federal Open Federal Reserve Committee point to the fact that the weakness in inflation is considered "transitory." According to the conclusions drawn from the meeting that took place on April 30 and May 1, the main heads of the group that defines US monetary policy have determined that maintaining patience "is the right stance" at the moment.

"Members have considered that a patient approach to determining future adjustments to the federal funds rate target will be appropriate for some time, especially in a context of moderate economic growth and moderate inflationary pressures, even if global economic and financial conditions continue to improve "Said the document summarizing the topics covered in this meeting.

(in update)

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