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⭕ Chair of the U.S. Federal Reserve, in Dallas, Laurie Logan:
📌 It does not appear that inflation is on a path that sustainably achieves the Federal Open Market Committee’s 2% target
📌 "After more than five years since the post-pandemic surge, prices have continued rising very rapidly... Every month that passes with inflation higher than the target doubles the pressure on the budgets of American households and businesses"
📌 "Even taking into account productivity gains and temporary supply shocks, inflation does not appear to be moving fully toward 2%, and risks tend to the upside. In addition to the inflation target, the Federal Open Market Committee is also tasked with achieving maximum employment; the labor market is strong and may see some recovery"
📌 "Conditions in employment, consumption, and financial markets indicate that monetary policy is not restraining the economy. Without any tightening from monetary policy, inflation is likely to continue moving toward a higher level than the target until an unexpected shock occurs"
📌 "The Federal Open Market Committee cannot rely on unexpected shocks to achieve its goals, and it can always adjust policy if unexpected shocks occur," she added: "Taking a modest action in the near term would reduce the likelihood that a more severe action will be needed later" $XAU $XAU
#الفيدرالي_الامريكي 🌐 #urgent | The Federal Reserve holds interest rates and sends tougher messages
⚠️ The Federal Reserve decided to keep the interest rate unchanged at 3.50% - 3.75%, a move that matched market expectations.
But the statement carried several important signals:
• The decision was not unanimous, as 3 members voted in favor of raising the rate by 25 basis points, while 9 members supported keeping it unchanged.
• The Federal Reserve said the U.S. economy is still growing strongly despite uncertainty. • The labor market remains resilient and unemployment is stable.
• It emphasized that inflation is still above the 2% target, with the continued impact of higher energy prices on inflationary pressures.
• It reaffirmed its commitment to bringing inflation back to its target.
⚠️ Market focus is now shifting entirely to the press conference by Federal Reserve Chair Kevin Warsh, where his remarks may determine the direction of markets over the coming hours. $XAU #GoldRetreats #USQ2GDPGrows1.5% #CitadelBuysSituationalAwarenessEquities #SaudiOilTankersRerouteAroundAfrica