The Federal Reserve's semi-annual monetary policy report shows that inflation has made some progress this year, but more confidence is still needed before interest rate cuts; real estate-related inflationary pressures are expected to gradually decrease; the financial system remains "healthy and resilient" despite "pressures" on some banks' commercial real estate portfolios; and liquidity remains abundant at most domestic banks.
U.S. inflation is easing and the job market has returned to the "tight but not overheated" situation it had before the U.S. economy was thrown into disarray due to the pandemic, the Federal Reserve said in its semi-annual monetary policy report on July 5. In the key area of housing services, it may only be a matter of time before the pace of price increases returns to pre-pandemic crisis levels, the report said. Meanwhile, the job market "continued to return to balance in the first half of the y...