According to the Fed Chair on FOMC meeting, the current economic situation does not require the central bank to lower interest rates.
⚫️Labor market conditions continued to remain tense, but signs of further easing began to emerge
⚫️Both overall and core PCE price inflation are expected to decrease in 2024 as supply and demand in goods and labor markets come into better alignment
⚫️Expectations are for inflation to decline to target levels of 2% by 2026
⚫️The current monetary policy stance is restrictive and will continue to exert downward pressure on economic activity and inflation
⚫️The Fed rate is likely at its peak levels. There are concerns about easing monetary policy too quickly
#Write2Earn #TrendingTopic #DaNuTRADING