Institutions: Latest FOMC Statement May Signal Fed's Renewed Focus on Inflation

Odaily News The Federal Reserve kept interest rates unchanged as expected and indicated that its decision in March will depend on incoming data. Sid Vaidya, an analyst at TD Securities Wealth Management, stated that the statement acknowledged strong GDP growth and stable unemployment, raising the question of how much emphasis the Fed will place on persistently high inflation. Recent series of rate cuts have supported employment. Therefore, Sid Vaidya suspects that the latest statement may signal the Fed's renewed focus on inflation. (Jin10)