Inflation remains well above o

2023-08-17

Inflation remains well above our longer-run goal of 2 percent. Over the 12 months… Nonetheless, the process of getting inflation back down to 2 percent has a long way to go,

• "We will continue to make our decisions meeting by meeting, based on the totality of incoming data and their implications for the outlook for economic activity and inflation as well as the balance of risks."

• the overall resilience of the economy, the fact that we've been able to achieve disinflation so far without any meaningful negative impact on the labor market, the strength of the economy overall, that's a good thing

• we're going to do in September, we're going to look at two additional job reports, two additional CPI reports, lots of activity data, and that's what we're going to look at and we're going to make that decision then

More dip after SPX falls below 4300?

S&P 500 closed at 4273.53, below the key support level of 4300; Nasdaq fell below 13100 yesterday. With two key indices falling below the support level, market begins to speculate for more declines. -------- Will the indices rebound? Or more declines ahead?

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