The Federal Open Market Committee meetings represent critical junctures where monetary policy decisions directly impact employment outcomes and economic stability. Our team closely analyzes meeting statements, press conferences, dot plots, and economic projections to assess the Fed's approach to its dual mandate of maximum employment and price stability.
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Growing, Slowing, Stabilizing. The economy is continuing to grow, but more slowly, and with fewer higher-order cycles and bullwhips swinging things around. Hiring remains strong, but has fallen from its recovery peak.
If you enjoy our content and would like to support our work, we make additional content available for our donors. If you’re interested in gaining access to our Premium Donor distribution, please feel free to reach out to us here for more information. What's Changed Since The
Summary: Today's FOMC Statement and press conference shows high continuity with the thinking reflected in the December FOMC meeting. The Fed does not appear to be impressed by the deceleration in wage growth in 2022H2 enough to explicitly rethink the inflation, unemployment, or interest rate outlook right now.