Atlanta Fed President Raphael Bostic said Friday that his own projection is that inflation could come down to the central bank’s 2% target in the next eight to 10 months.
He said that a lot could happen over that time period and that he would not attempt to be more precise.The median forecast of top Fed officials and a separate Fed staff forecast both see inflation staying a bit above 2% until 2026. Bostic said the Fed’s benchmark interest rate, now in the range of 5.25% to 5.5%, is high enough to put downward pressure on inflation. He said inflation can come down to the target without the economy falling into a recession.Asked when the Fed would cut interest rates, Bostic replied: “That’s down the road.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yellowstone Season 5 Wraps November 2024; '1944' & '2024' SpinoffsFans of Taylor Sheridan & John Linson's Yellowstone will be getting the ending that they've been waiting for – they're just going to have to wait a bit longer. Earlier today, it was announced that the final episodes are slated to run in November 2024 – a year from now.
Source: bleedingcool - 🏆 20. / 69 Read more »
‘Yellowstone’ finale to drop November 2024, followed by ‘2024′ and ‘1944′The Paramount Network set a date for Yellowstone’s big ending and announced two new spinoff series.
Source: dallasnews - 🏆 18. / 71 Read more »
Yellowstone sets second half of final season for 2024, announces spinoffs 1944 and 2024'Yellowstone' will end its run in November 2024, but the Dutton family saga will continue with two more spinoffs, '1944' and '2024.'
Source: EW - 🏆 713. / 51 Read more »
Equities: Impact of Fed hikes more important than US elections for 2024 performanceIn one year, Americans will elect their president. Polls show Donald Trump in a neck-and-neck race with incumbent Joe Biden.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Fed's Bostic says he's leaning against additional rate hikesFed's Bostic says he's leaning against additional rate hikes
Source: Investingcom - 🏆 450. / 53 Read more »
When Angry Self-Talk Is Better Than Happy Self-TalkA new study sheds light on when anger helps people achieve goals (and when it doesn't).
Source: PsychToday - 🏆 714. / 51 Read more »