The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting.
The Fed's decentralized structure was put in place nearly 100 years ago. Does it still make sense? The latest in the Atlanta Fed's animated video series explains how the U.S. central bank's regional structure helps gather grassroots information about economic conditions across the nation.
Inflation expectations of businesses were relatively unchanged at 2 percent in May, according to the Atlanta Fed's monthly business inflation expectations (BIE) survey. However, nearly two-thirds of respondents expect labor costs to put moderate to strong upward pressure on prices over the next 12 months.
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