Fed: ‘The US economy is growing at a steady pace despite the uncertainty surrounding the war’

Milan, 17 June (LaPresse) – “Economic activity is growing at a sustained pace despite high uncertainty due, in part, to the conflict in the Middle East. Productivity growth and capital investment are robust. Job creation has kept pace with the expansion of the labour force, and the unemployment rate has remained virtually unchanged.” This was reported by the Fed in a statement released at the end of the FOMC’s two-day monetary policy meeting. Inflation “remains elevated relative to the Committee’s 2 per cent target, reflecting in part supply-side shocks that have led to price increases in some sectors, including the energy sector. The Committee will ensure price stability,” the statement added.