Many FOMC participants saw little evidence of general overheating of labor market, with wage pressures "still moderate"
Market news
24 May 2018
Many FOMC participants saw little evidence of general overheating of labor market, with wage pressures "still moderate"
Fed staff projections see above-trend GDP growth through 2020
Most participants viewed firming of inflation as providing "reassurance" that Fed's 2 percent target would be reached; a few cautioned that expectations remained somewhat low
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