Fed Holds Rates, Says Balance-Sheet Unwind to Start Soon

The transcript discusses the Federal Reserve's plans for balance sheet normalization and the economic forecast. It highlights the expected timeline for announcements and changes in inflation language. The labor market is noted to have strengthened, with job gains being solid. Investors anticipate a balance sheet move in September and a potential rate move in December.

What does the statement say about job gains?

What is the anticipated timeline for a balance sheet move and a rate move?