Fed’s Powell: US Economic Forecast and Inflation Challenges
Quick Overview: Economic Growth vs Inflation: Powell noted solid growth and a strong labour market but acknowledged inflation remains above the 2% target at 3.5%; Interest Rate Strategy: Current rates have held steady at 5.25-5.5% since July 2023, reflecting a cautious approach amid economic uncertainty; Market Reactions and Outlook: Immediate market responses to Powell’s remarks …
Fed’s Powell: US Economic Forecast and Inflation Challenges Read More »