The Fed has recently released its interest rate decision, leaving the federal funds rate unchanged at 5.25 - 5.55%. This time, the publication of the interest rate decision was accompanied by the summary of economic projections. The Fed did not change the GDP and unemployment rate projections compared to the March meeting. However, the central bank raised forecasts for PCE and Core PCE, which means that the Fed expects higher inflation in 2024.
The Fed has recently released its interest rate decision, leaving the federal funds rate unchanged at 5.25 - 5.55%. The Fed has recently released its interest rate decision, leaving the federal funds rate unchanged at 5.25 - 5.55%. This time, the publication of the interest rate decision was accompanied by the summary of economic projections. The Fed did not change the GDP and unemployment rate projections compared to the March meeting.