Gate News reports that on March 18, the Federal Reserve FOMC issued a statement on March 19, with three changes compared to the January statement:
First, the unemployment rate description was adjusted from “the unemployment rate has shown signs of stabilization” to “the unemployment rate has remained relatively unchanged over the past few months”;
Second, a new statement was added regarding the Middle East situation, noting that “the development of the Middle East situation’s impact on the U.S. economy remains uncertain”;
Third, Federal Reserve Board member Waller’s stance shifted from supporting a 25 basis point rate cut at the last meeting to supporting no change in interest rates.
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