Federal Reserve Upgrades Economic Outlook: Growth Steadies

Updated Economic Assessment

The Federal Reserve has upgraded its economic outlook, indicating that the U.S. economy is expanding at a steady pace, reflecting a more positive stance.

Labor Market and Inflation

While unemployment shows signs of stabilization, job growth remains sluggish. Inflation continues to run slightly above the Fed's target.

Policy Adjustments

The Fed reaffirmed its long-term goals and monetary policy strategy, removing previous references to downside risks in employment.