Federal Reserve’s Semiannual Report: The labor market is broadly stable, and some inflation indicators have declined

BlockBeats report: On July 10, the Federal Reserve’s semiannual monetary policy report said that the U.S. labor market is broadly stable, with some inflation indicators declining, including trimmed-mean measures. Under the reserve-management purchases, bank reserves remain in the “ample” range. Long-term inflation expectations are “broadly consistent” with the 2% target. Driven by data center investment related to artificial intelligence, factory output is strong, and U.S. production capacity is rising at a “steady pace.”
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