• 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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