FOMC Says Inflation Remains Elevated, Spending Resilient
The FOMC described domestic spending as resilient despite elevated uncertainty and said it would continue its ample-reserves regime.
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FOMC: Federal Reserve Raises Key Overnight Interest Rate By 25 Basis Points To 3.75-4.00% Range, Says Action Will Support Timelier Return To 2% Inflation Goal; Economic Activity Is Expanding At A Solid Pace; Fed Says Inflation Remains Elevated, Drops Earlier Description Of That Owing In Part To Supply Shocks; Domestic Spending Has Been Resilient Despite Elevated Uncertainty
FOMC: Federal Reserve Raises Key Overnight Interest Rate By 25 Basis Points To 3.75-4.00% Range, Says Action Will Support Timelier Return To 2% Inflation Goal; Economic Activity Is Expanding At A Solid Pace; Fed Says Inflation Remains Elevated, Drops Earlier Description Of That Owing In Part To Supply Shocks; Domestic