As usual, the Fed chair hedged her bets somewhat, saying she wanted to see
further improvement in labor market conditions and greater confidence that inflation would move back up to 2 % in the next few years, but, based on current trends, it seems that small, incremental hikes in base interest rates are looming on the horizon.
In the latest policy statement, Federal Reserve officials highlighted
further improvements in labor market conditions amid slower growth.
Not exact matches
The
improvement in conditions was
further emphasized by
labor market data, showing that unemployment
in the region had fallen
in June to a nine - year low of 9.1 %, 1 % down from a year earlier.
The Committee is concerned that, without
further policy accommodation, economic growth might not be strong enough to generate sustained
improvement in labor market conditions.
is concerned that, without
further policy accommodation, economic growth might not be strong enough to generate sustained
improvement in labor market conditions
The Committee is prepared to take
further action as appropriate to promote a stronger economic recovery and sustained
improvement in labor market conditions in a context of price stability.
As the release stated, «
Labor market conditions have shown
further improvement in recent months, on balance, but the unemployment rate remains elevated.
If incoming information broadly supports the Committee's expectation of ongoing
improvement in labor market conditions and inflation moving back toward its longer - run objective, the Committee will likely reduce the pace of asset purchases
in further measured steps at future meetings.
In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions, the Committee decided to make a further measured reduction in the pace of its asset purchase
In light of the cumulative progress toward maximum employment and the
improvement in the outlook for labor market conditions, the Committee decided to make a further measured reduction in the pace of its asset purchase
in the outlook for
labor market conditions, the Committee decided to make a
further measured reduction
in the pace of its asset purchase
in the pace of its asset purchases.