Federal Reserve officials this week came as close as they are probably ever going to get to admitting that the aggressive interest rate reduction they enacted weeks before the 2024 election was, the Fed’s monetary policy unit, cut its benchmark interest rate by one-quarter of a point, reducing the federal funds rate to a range of 4.25 percent to 4.50 percent.
The projections also show that Fed officials expect core inflation to be higher next year than they were forecasting earlier. The median projection rose from 2.2 percent to 2.6 percent. While that’s not a projection of a rise in core inflation from where the Fed thinks we’ll end up this year, it is a sign thatover the coming 12 months. In other words, the Fed is admitting that progress on bringing inflation down has stalled.
Note that the Fed does not think we’ll get much more real growth next year. Officials raised the median 2025 projection for real GDP growth from 2.0 to 2.1 percent. So, we haven’t traded off more real growth for more inflation. We’re just gettingNominal growth is expected to be higher. Putting together the expected real growth of 2.1 percent and the expected inflation rate of 2.5 percent produces a nominal growth estimate of 4.6 percent, a significant increase from the 4.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
Breitbart Business Digest: The Trump Economic Boom Is Already BeginningSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »
Breitbart Business Digest: Are Tariffs Really Coming for Your Christmas Presents?Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »
Breitbart Business Digest: Younger Americans Are Far More Positive About the Economy After Trump’s WinSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »
Breitbart Business Digest: Inflation Is Making a Fool of the FedSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »
Breitbart Business Digest: Consumer Sentiment Surges Despite Democrats Feeling Blue About the ElectionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »
Breitbart Business Digest: Optimism Rises After Trump’s Election Killed the VibecessionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »