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$BTW BofA Securities published an introductory guide on 06.14 that lays out the fundamentals of "tracking the Fed," covering the central bank's mandate, voting structure, communication tools, and balance sheet. $BICO
The Federal Reserve operates under a dual mandate of maximum employment and price stability, as per the bank, with price stability defined as a 2% inflation target based on the personal consumption expenditures index. BofA stated that interest rate hikes tend to cool inflation but can ramp up unemployment, creating short-term dilemmas that get especially tricky during supply shocks.