wethinks they are fumbling the ball; not sure if they should pull the plug… or not… and, their options are getting more limited with every move they make; running out of pre-printed aces-up-the-sleeve; it’s time to fold and re-shuffle the cards; how long will they fake it, for? hmmm, let’s see; in peace
The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.
The U.S. central bank said the economy had expanded at a moderate rate and job gains were strong in June. It added that household spending also had been “growing strongly,” and pointed to an increase in labor utilization.
While Fed policymakers said they continued to closely monitor inflation data and global economic and financial developments, they indicated less worry about possible shocks that could push the economy off course.
“Near-term risks to the economic outlook have diminished,” the Fed’s policy-setting committee said in its statement following a two-day meeting in which it left its benchmark overnight interest rate in a range of 0.25 percent to 0.50 percent.
The Fed noted, however, that inflation expectations were on balance…
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