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Federal Reserve issues FOMC statement
Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks. The Committee seeks to achieve maximum ... (full story)
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*FED RAISES MAIN POLICY RATE 75 BPS IN UNANIMOUS VOTE
— Nour Eldeen Al-Hammoury (@NourHammoury) July 27, 2022
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