Fed Predicts Inflation Spike, Steady Growth Amid Iran War
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Reserve officials anticipate a temporary surge in inflation due to the Iran conflict, but expect it to subside if the war ends soon. They plan one interest rate cut in 2026, with overall inflation projected to reach 2.7% by year-end. Unemployment is expected to remain at 4.4% and growth at 2.4%. Despite past misjudgments on inflation, the group remains cautious, with one official advocating for an immediate rate cut.
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