Federal Reserve Highlights Increased Uncertainty in Economic Outlook

According to BlockBeats, the Federal Reserve reiterated its focus on the risks associated with its dual mandate in a recent FOMC statement. The statement emphasized that uncertainty regarding the economic outlook has "further increased." While the unemployment rate has stabilized and the labor market remains resilient, the risks of high unemployment and inflation have risen. Despite fluctuations in net exports affecting data, economic activity continues to expand at a "robust pace."