Eurasia Review on Nostr: US Inflation Remained Below Target In August – OpEd ========== The Federal ...
US Inflation Remained Below Target In August – OpEd
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The Federal Reserve's FOMC voted to lower the federal funds rate target; inflation is reportedly moving toward 2 percent but currently appears below target; PCEPI inflation was 1.1 percent in August 2024; core PCEPI grew at 1.6 percent in August; Fed Chair Jerome Powell indicated no rush to return to neutral policy; estimates for the neutral federal funds rate range from 2.74 to 3.22 percent; current federal funds rate target is 4.75 to 5.0 percent; median FOMC member projected 50 basis points of cuts this year; risks of recession increase if monetary policy remains tight; William J. Luther is the author.
#Inflation #FederalReserve #MonetaryPolicy #Pcepi #Economics #JeromePowell #Recession #InterestRates #WilliamJLuther #August2024
https://www.eurasiareview.com/29092024-us-inflation-remained-below-target-in-august-oped/
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The Federal Reserve's FOMC voted to lower the federal funds rate target; inflation is reportedly moving toward 2 percent but currently appears below target; PCEPI inflation was 1.1 percent in August 2024; core PCEPI grew at 1.6 percent in August; Fed Chair Jerome Powell indicated no rush to return to neutral policy; estimates for the neutral federal funds rate range from 2.74 to 3.22 percent; current federal funds rate target is 4.75 to 5.0 percent; median FOMC member projected 50 basis points of cuts this year; risks of recession increase if monetary policy remains tight; William J. Luther is the author.
#Inflation #FederalReserve #MonetaryPolicy #Pcepi #Economics #JeromePowell #Recession #InterestRates #WilliamJLuther #August2024
https://www.eurasiareview.com/29092024-us-inflation-remained-below-target-in-august-oped/