LIVE FED PRESS CONFERENCE:
The Fed Chair said the economy, credit markets, and the labor market are still functioning well. The unemployment rate remains steady.
Inflation has risen in part due to the impact of geopolitical developments. However, regardless of the cause, inflation has remained high for a prolonged period.
Recent reports have not shown any signs of inflation cooling. I said that if inflation does not show positive progress, we will have to review policy.
Therefore, we believe that raising interest rates is a reasonable choice to bring inflation back to the 2% target.
- GDP forecast: 2.3% this year and 2.4% next year
- PCE inflation forecast: 3.7% this year and 2.3% next year
- Unemployment rate forecast: 4.1% this year and the year after.
Long / short coin hot 👇
$AKE
$LSK
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The Fed Chair said the economy, credit markets, and the labor market are still functioning well. The unemployment rate remains steady.
Inflation has risen in part due to the impact of geopolitical developments. However, regardless of the cause, inflation has remained high for a prolonged period.
Recent reports have not shown any signs of inflation cooling. I said that if inflation does not show positive progress, we will have to review policy.
Therefore, we believe that raising interest rates is a reasonable choice to bring inflation back to the 2% target.
- GDP forecast: 2.3% this year and 2.4% next year
- PCE inflation forecast: 3.7% this year and 2.3% next year
- Unemployment rate forecast: 4.1% this year and the year after.
Long / short coin hot 👇
$AKE
$LSK
$ZEC