FOMC STATES THAT THE EXPANSION OF UNITED STATES ECONOMIC ACTIVITY HAS CONTINUED STEADILY DESPITE THE HIGH LEVEL OF UNCERTAINTY

ON 30 JULY, THE FED FOMC STATEMENT SHOWED THAT EMPLOYMENT GROWTH WAS BROADLY IN LINE WITH THE INCREASE IN LABOUR SUPPLY, WITH LITTLE CHANGE IN UNEMPLOYMENT RATES. ECONOMIC ACTIVITY IN THE UNITED STATES CONTINUED TO EXPAND STEADILY, ALTHOUGH UNCERTAINTY REMAINED HIGH。