What the US Fed said: 7 key takeaways Increases the rate to | theincomet

What the US Fed said: 7 key takeaways

Increases the rate to 5% to combat inflation
Median forecast for 2024 stands at 4.3%
Recent indicators point to modest growth in spending and production
The unemployment rate has remained low and inflation remains elevated
The U.S. banking system is sound and resilient
Recent developments to weigh on economic activity
Will use all tools to keep banking system safe