The Fed left short-term int rates unchanged, and continued to expect just one rate cut in 2026 and one in 2027 due to increased uncertainty from the war in the Middle East. The vote was 11-1 with Fed Governor Stephan Miran again dissenting and voting for a reduction in rates.
Officials dropped language from their January statement describing the labor market as showing signs of stabilization. In its place, they said the unemployment rate was “little changed in recent months.”In their updated economic forecasts, policymakers ticked up their outlook for GDP growth in 2026 to 2.4%, from the 2.3% they forecast in December. Their unemployment forecast remained unchanged at 4.4% for the end of 2026.Officials also raised their outlook for 2026 inflation to 2.7% from 2.4%. Notably, they saw core inflation (ex-food/energy) also rising to 2.7% from 2.5%.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments