US Fed Reserve rate remains static | Herald NOW Business

US Fed Reserve rate remains static | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"US Fed Reserve Rate Unchanged","summary":"The US Federal Reserve has announced that its benchmark interest rate will remain unchanged. This is the first meeting since the committee was sworn in."},{"timeSeconds":15,"label":"Economic Activity Expands","summary":"Despite elevated uncertainty, economic activity is expanding at a solid pace. This is partly due to the conflict in the Middle East."},{"timeSeconds":28,"label":"Job Gains and Unemployment","summary":"Job gains have kept pace with the workforce, and the unemployment rate has changed little. Productivity growth and capital investment are both strong."},{"timeSeconds":40,"label":"Inflation Persists Above Target","summary":"Inflation has been running well ahead of the Fed's long-stated goal of 2%. This has been ongoing for more than five years, persistently high prices are a burden on the American people."},{"timeSeconds":58,"label":"Forward Guidance Review","summary":"The committee has decided to review its forward guidance, which was not well-suited to the current economic juncture. They will consider changes to monetary policy."},{"timeSeconds":102,"label":"FOMC Members' Projections","summary":"Members of the FOMC are unanimous in their commitment to price stability. They will review current practices and consider whether those practices best meet their objectives."},{"timeSeconds":115,"label":"Reaffirm Mission and Practices","summary":"The FOMC will reaffirm its mission and review current practices to ensure they best meet its objectives. This includes considering changes to monetary policy."},{"timeSeconds":142,"label":"Shorter, Simpler Statement","summary":"The committee's statement will be shorter and simpler, dispensing with some older language. This reflects a change in communication strategy."}]} <!--/mynz:youtube-chapters-->