1 BMO: #Markets are steady this morning after yesterday's closely-watched #FOMC decision, and with #WTI #oil prices little changed just under $85. The #FederalReserve left rates unchanged, as expected, although the market was priced for the off chance of a tightening move … 🧵
#fomc
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Meanwhile, #inflation "remains somewhat elevated," the #CentralBank said, while the job market has "shown some signs of stabilization."
Though the #Fed noted that "job gains have remained low," it also removed language from its prior statement saying that downside risks to employment had risen - an indication policymakers as a group are becoming less worried about a rapid downturn in the labor market.
#US #FederalReserve #FOMC #JeromePowell #Trump #InterestRates #economy
The #US #FederalReserve has held #InterestRates steady.
It cited still-elevated #inflation alongside solid economic growth, & it gave little indication in its latest policy statement of when borrowing costs might fall again.
"Economic activity has been expanding at a solid pace," #Fed policymakers said in the statement after voting 10-2 to hold the US #CentralBank's benchmark interest rate in the 3.50%-3.75% range following a two-day meeting.
#FOMC #JeromePowell #Trump #economy
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