Marked February 1, 2023 FOMC Statement

The Federal Reserve is incredibly careful in how it crafts its statements on monetary policy. Every word matters. Knowing this, we can learn a lot of how the Fed views the US economy and factors impacting it relative to its twin goals of maximizing employment while minimizing inflation. The attached marked version of the FOMC statement shows the changes from the prior statement in December. Every change matters, however the most notable changes are the addition of the phrase 'Inflation has eased somewhat...'.

Marked 2023.2.1 FOMC Statement.pdf

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