Agency: Removal of the word "enhanced confidence" from the Fed statement shows it is becoming increasingly cautious "
Online reported that Janus Henderson Investors analyst Dan Siluk said in a report that the "more confident" language from the FOMC statement that "inflation is moving sustainably towards 2%" was removed, indicating that the Fed needs to act cautiously in the future. The change may reflect a more cautious or moderate optimism among officials about the inflation trajectory of the Fed's 2% target. By deleting the term "greater confidence," the Fed may also be implying that it is prepared to respond flexibly to upcoming data.
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