WASHINGTON, DC – The Federal Reserve’s Federal Open Market Committee (FOMC) is set to convene on July 29-30, facing a complex mix of cooling economic data and persistent inflation that complicates its next move on interest rates.
Washington, DC – Federal Reserve Chair Jerome Powell, following the latest Federal Open Market Committee (FOMC) meeting, expressed heightened concerns about the U.S. economic outlook, citing increased risks of both rising inflation and potential increases in unemployment. These concerns have increased discussion of the possibility of stagflation. Powell emphasized that the Federal Reserve will closely […]
