Fed Predicts Inflation Surge, Jobs Cut
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Reserve officials anticipate a surge in inflation due to the Iran war, but expect it to ease by year-end. They plan one interest rate cut in 2026 and maintain their overall forecasts. Despite a weak jobs report and rising gas prices, they remain optimistic, predicting inflation to drop to 2% by 2028. The conflicts duration will be crucial in testing these views, as the Fed navigates the delicate balance between rising prices and potential spending slowdown.
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