Federal Reserve Leaves Interest Rates Unchanged

The Fed's recent meeting resulted in no changes to their policy or economic assessment, maintaining interest rates between 0.5% and 0.75%. Consumer and business sentiment have improved, and the Fed expects inflation to rise to 2%, dropping previous references to low energy prices. The Fed's long-term goals remain unchanged, focusing on inflation and employment. Janet Yellen is expected to continue as chair. The Fed's language on inflation has shifted, reflecting rising energy prices but without altering policy timelines.

What is the significance of the Fed's annual statement released in January?

What does the Fed expect regarding inflation in the future based on the latest statement?