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The Federal Reserve forecast for any "comfortable landing" is not just a huge surprise. The central bank's official estimates to the economy by no means forecast outright disaster given what it will say about how perfectly the Fed is executing its work.
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The invasion of Ukraine by Russia is creating great human and economic hardship. The implications for the U.S. financial system are highly uncertain, but while in the near term the invasion and linked functions are likely to produce added upward strain on inflation and weigh on economic exercise.
Senior Federal Reserve officials are by no means unanimous within the central bank's December forecast demonstrating three cuts in U.S. interest rates in 2024.
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Skeptics think higher interest rates set in place to tame inflation are likely to exert extra tension on the financial state. The total consequences of higher borrowing prices are only starting Visit Website to be felt, they are saying.
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