Fed's Semi-Annual Monetary Policy Report: U.S. Inflation Slows Significantly, But Remains High

The Federal Reserve released its semiannual monetary report that U.S. inflation is clearly inflationary, but still high, the labor market is still relatively tight; demand is shrinking, the supply trend is rising. 2023 wage growth is weak, but still high in line with the 2% inflation expectations. Risks to the actual target are equalizing; the Fed remains highly concerned about inflation risks.