Fed minutes: unemployment rate expected to rise slightly
The minutes of the Federal Reserve's December meeting noted that the staff forecast that economic conditions in the United States would remain solid. Real GDP growth was expected to slow slightly from the previous benchmark forecast, and the unemployment rate was projected to rise slightly but to remain close to the level of the staff's estimate of the natural rate of unemployment. In the staff's baseline forecast, inflation is projected to be slightly higher in 2024 than in the forecast made at the previous meeting, reflecting the unexpected upside from some recent data, and is projected to fall to 2 percent by 2027, consistent with the forecast made at the November meeting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A long position in MON worth $6.5 million was fully liquidated.
ViaBTC donates approximately 3 million HKD to support Tai Po fire relief and community reconstruction in Hong Kong
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks