Federal Reserve Warns of Increased Economic Uncertainty

The Federal Reserve has underscored its ongoing concerns about the dual mandate’s challenges, highlighting heightened uncertainty surrounding the economic outlook in their latest statement. The statement emphasized increased uncertainties regarding the economic outlook, citing risks of high unemployment and inflation as key factors driving this change. Despite a stabilizing unemployment rate and a resilient labor market, these risks are rising. While fluctuations in net exports have impacted data trends, overall economic activity continues to expand robustly, according to recent reports.