Inflation Door Opens?
SP and NQ muddle around all day US Curve Steepens -OKTA
The Federal Reserve gave us an update on its findings from its studies and data and outlined their longer term goals for monetary policy from the (FOMC):
On maximum employment, maximum employment is a broad-based and inclusive goal and reports that its policy decision will be informed by its "assessments of the shortfalls of employment from its maximum level." The original document referred to "deviations from its maximum level."
On price stability, they adjusted their strategy for achieving its longer-run inflation goal of 2 percent by noting that it "seeks to achieve inflation that averages 2 percent over time." To this end, the revised statement states that "following periods when inflation has been running persistently below 2 percent, appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time."
The updates to the strategy statement explicitly acknowledge the challenges for monetary policy posed by a persistently low interest rate envir…
