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flag Fed's Miran lowers 2026 rate cut hopes due to strong jobs and inflation.

flag Federal Reserve Governor Stephen Miran has scaled back his 2026 interest rate cut expectations, citing stronger labor market data and persistent goods inflation. flag He now anticipates rates staying below 2.75%, revising his earlier December forecast of a drop below 2.25%. flag Despite remaining dovish, Miran’s shift reflects growing caution amid mixed economic signals. flag He continues to serve on the Fed Board until his successor is confirmed, having previously chaired the White House Council of Economic Advisers.

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