Economist: Federal Reserve's Statement Adjustment Surprisingly Reduces Uncertainty

BlockBeats News, July 31st, Kathy Bostjancic, Chief Economist at American Life Insurance Company, stated that surprisingly, the Fed deleted the previous language about reduced uncertainty in the economic outlook in the policy statement and instead emphasized that uncertainty is "still elevated."

In our view, although uncertainty persists, it has actually diminished significantly as the trade and tariff situation has become clearer. (FX678)