Fed's Powell Says the Case for Raising Rates Has Weakened Somewhat

The transcript discusses the FOMC's decision to adopt a patient approach to future policy changes, considering global economic developments and muted inflation pressures. Despite a stable economic outlook with strong labor market conditions and inflation near 2%, potential risks and diminished inflation threats have led to a cautious stance. The FOMC aims to support the economy by evaluating the outlook before making policy adjustments, noting that financial imbalances have receded and inflation expectations remain stable.

In what ways have financial market measures of inflation compensation changed recently?

What is the significance of a patient approach in evaluating future policy adjustments?