ABC News on Nostr: nostr:note1qeuxjv8csnhl83ffnh96hap93qdr082g540v7qd6qkvmauh3k80stlwgl0

quoting note1qeu…wgl0

Federal Reserve Faces Challenges in Managing Inflation Amidst Uncertainties
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#f9660aca ver:0.53

The Federal Reserve is facing challenges in managing inflation amidst uncertainties. The recent spike in inflation has led to a shift in the Fed's stance, with expectations of only one rate cut in November. Fed officials are cautious about lowering rates too soon and are waiting for more evidence that inflation is under control. The housing market remains resilient, contributing to sticky inflation. The Biden administration supports an independent Fed, while economists warn against blaming inflation for every economic problem. The Fed's decision on interest rates will be based on economic conditions and inflation outlook. #FederalReserve #inflation #interestrates...

#newstr #UsInflation #InterestRates #FederalReserve #Economy #CentralBankIndependence #BidenAdministration #TrumpAdministration

https://here.news/story/f9660aca?ver=0.53