Federal Reserve Issues FOMC Statement-JUNE 2022

17 June 2022

The Committee to seeks achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate. Overall economic activity appears to have picked up after edging down in the first quarter.

Source: Federalreserve.gov
Post by: Republic of Türkiye Ministry of Trade