Full FOMC statement

08/1/2024 5:22 AM GMT+9 (some excerpts)

Recent indicators show that economic activity continues to expand at a steady pace. Employment growth has been moderate, and the unemployment rate has risen, but it is still low. The inflation rate has eased over the past year, but it is still slightly high. In recent months, some further progress has been made towards the Commission's 2% inflation target.
The committee aims to maximize employment and achieve a long-term inflation rate of 2%. The Committee determines that the balance between employment and risk of achieving inflation targets continues to improve. The economic outlook is uncertain, and the committee is closely monitoring risks to both sides of the two missions.