Fed Policy Report: Ongoing increases in fed funds rate target are necessary – by eren_fxstreet Fed CentralBanks
Below are the key takeaways from the US Federal Reserve's semi-annual Monetary Policy Report published on Friday, per Reuters."Financial conditions have tightened further since June and are significantly tighter than a year ago.""Strongly committed to getting inflation back to 2%."of future business defaults are somewhat elevated.""Net negative income does not impede monetary policy work.
"Bringing inflation back to 2% likely requires period of below-trend growth, some softening of labor market conditions.""Valuation pressures in equity markets have increased modestly." "For core services ex-housing sector, inflation remains elevated; prospects for it slowing may depend in part on an easing of tight labor market conditions.""Some signs of increased stress for lower-income households as near-prime, subprime delinquency rates have risen.""Will adjust balance sheet drawdown process if there is a need to.
"Tight labor market conditions have largely erased pandemic-induced widening of employment gaps across demographic groups.""Rate hikes have narrowed gap between policy rule settings and real-world level."Market reaction
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