Fed Holds Rates, Says Balance-Sheet Unwind to Start Soon

The transcript discusses the Federal Reserve's plans for balance sheet normalization and the economic forecast. It highlights the expected timeline for announcements and changes in inflation language. The labor market is noted to have strengthened, with job gains being solid. Investors anticipate a balance sheet move in September and a potential rate move in December.

What is the committee's anticipated timeline for announcing the balance sheet normalization program?

• November

• September

• August

• October

What is the current range for the benchmark rate?

• 1.5 to 1.75%

• 1 to 1.25%

• 0.5 to 0.75%

• 2 to 2.25%

How has the statement described the current state of inflation?

• Above 2%

• Unchanged

• At 2%

• Below 2%

What is the expected medium-term inflation target according to the statement?

• 1.5%

• 1%

• 2%

• 2.5%

When do investors expect a potential rate move?

• September

• October

• November

• December