Fed staff sees one US rate hike this year, inflation stuck in low gear
Add BT as a preferred source[WASHINGTON] Staff at the Federal Reserve board see a single quarter-point US rate hike by year's end, inflation stuck in low gear for five more years, and an economy growing more slowly than expected by US policymakers.
Those bearish projections were included in a set of staff forecasts presented to policymakers at their June 16-17 meeting and inadvertently posted on the Fed's website on June 29.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
