Citing progress on Covid vaccinations and strong policy support, the Federal Reserve on Wednesday upgraded its assessment of the U.S. economy but maintained its ultra-easy monetary policy as widely expected.
A statement from the Fed noted indicators of economic activity and employment have "strengthened," which reflects a modest upgrade from last month, when the central bank said the indicators have "turned up recently."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.