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via Mike Shedlock: As widely expected, the Fed hiked its base interest rate by a quarter of a point. It’s the highest in 22 years. This was the 11th consecutive increase since March 2022. FOMC Statement Recent indicators suggest that …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a.htm Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is …