The US central bank appears optimistic about the country’s economy in the near future. According to the Fed’s most recent forecasts, monetary policymakers do anticipate that the US economy would grow healthily in 2024, 2025, and 2026—beyond initial estimates. Experts generally share this outlook. According to the head economist at …
Read More »Fed’s Beige Book Highlights Rising Inflation Fears
According to the Fed’s Beige Book, released on Wednesday, wages and other prices gains were seen across most of the 12 districts. As for the overall economic outlook; the Fed said that the US economy grew at a modest pace since mid-May but several of the central bank’s regional districts …
Read More »NFP data paves the way for 50 bps rate hike in June
The US economy created 428.000 jobs for the second month in a row, near market expectations. According to analysts at Wells Fargo, the report is solid and reinforces their belief that the Federal Reserve will execute another 50 bps interest rate hike at its next meeting on June 14-15.Key Quotes: …
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