Federal Reserve Just Dropped Two Major Changes to Its Statement
Two major changes hit the Fed's July statement.
Even though there was no rate hike following the Federal Reserve's July statement, the central bank made two significant changes to its policy statement.
When referring to inflation, the Federal Reserve said consumer prices are running "below 2%." In the June statement, the language said " somewhat below 2%."
With regard to the unwinding of the balance sheet, the Fed expects that process to start "relatively soon." In the June statement, the Fed said it expects that process to begin "this year."
Scroll to Continue
TheStreet Recommends
Watch More with TheStreet:
- Jim Cramer Reveals Why He's Pleased With Advanced Micro Devices and Boeing's Earnings
- Birchbox CEO: We're Not Going to Wait for Change, We're Going to Make It Happen
- Will Your Next iPhone Be 'Made in the USA?'
