The Federal Reserve will weigh the data when considering future monetary policy adjustments, with the central bank firmly committed to achieving its 2% inflation target

The Federal Reserve is firmly committed to achieving its 2 per cent inflation target and inflation expectations appear to be "broadly consistent" with the central bank's 2 per cent inflation target as it weighs the data as it considers future monetary policy adjustments, the Fed's semi-annual monetary policy report said. US financial conditions still appear somewhat tight and the US financial system remains "robust and resilient".