⚡️🇺🇸 FOMC protocols:
- The Fed expects further rate hikes, but at a slower pace
- Nearly all Fed members see "mild recession" in H2 2023
- The economy will continue its slow growth and avoid recession
- The labor market has also shown some signs of easing, although the number of vacancies still exceeds the number of available workers by almost 2 to 1. Fed officials emphasize the importance of reducing this inequality as they seek to reduce the demand that pushed inflation higher.
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