Federal Reserve Emphasizes Data for Future Policy Decisions Before FOMC

Ahead of the upcoming Federal Open Market Committee (FOMC) meeting, Milan emphasized that timely access to data is critical in informing monetary policy decisions. He stressed that relying on outdated information could hinder accurate policymaking and result in potentially erroneous decisions. He specifically addressed concerns regarding interest rate adjustments based on data that may be inaccurate or not reflect current economic realities.