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Institution: Latest FOMC Statement May Signal Fed Will Reassess Inflation
BlockBeats News, January 29th, as expected, the Federal Reserve kept interest rates unchanged and indicated that its March decision would depend on upcoming data.
TD Securities Wealth Management analyst Sid Vaidya stated that the statement acknowledged strong GDP growth and a steady unemployment rate, raising the question of how much emphasis the Fed will place on persistently high inflation. A recent series of rate cuts has supported employment. Therefore, Sid Vaidya is skeptical that the latest statement may signal the Fed's return to focusing on inflation. (FXStreet)
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