Fed officials cautiously optimistic about inflation trends, may not rush to raise interest rates.
Federal Reserve officials are cautiously optimistic about inflation trends, indicating that they may not rush to raise interest rates. They believe it could take months or quarters for the current economic conditions to play out before making any changes. Some officials, such as St. Louis Fed President Alberto Musalem, suggest waiting for "months, and more likely quarters" of falling inflation, moderating demand, and expanding supply before considering a reduction in interest rates. The Fed's main priority remains ensuring inflation returns to its 2% target, and officials will continue to monitor incoming data on inflation and the labor market closely.
June 18, 2024
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