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According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
Powell and his colleagues said in December that they expect inflation to remain more elevated than previously thought — predicting it will end 2025 at 2.5% instead of a prior forecast of 2.2%.
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
The Fed’s economic projections for the rate next year changed from 3.4% in September to 3.9%, and the central bank revised its expectations for inflation from 2.1% to 2.5%, suggesting it sees a ...
Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
It forecast only two rate reductions in 2025, in a nod to the economy's continued resilience and still-high inflation. In September, Fed officials had forecast four quarter-point rate cuts next year.
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