🚨In its press release, the Fed judges inflation to be "slightly high", which is a slightly more flexible element of language compared to the usual assessment which was to say that inflation was "high".
The Fed reiterates that it will not be appropriate to cut rates until it has acquired a sufficient degree of confidence that inflation is heading sustainably towards 2%
The Fed is attentive to risks on both sides of its dual mandate
(change compared to the June press release where it indicated that it was “very attentive” to the risks of inflation).