The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement after the conclusion of the Federal Reserve’s November Federal Open Market Committee meeting:
“There were no substantive changes in the FOMC’s statement as compared to the previous one in September. The economy remains on solid footing overall, the labor market is strong, and inflation has settled near the Fed’s target. These conditions should allow the Fed to maintain its once-per-quarter pace of rate hikes, with the next one coming in December,” says NAFCU Chief Economist Curt Long.