Will the US Federal Reserve Cease to Hike the Interest Rate?
The present interest rate might be enough to achieve a 2% inflation rate without a recession, as per the Chicago Federal Reserve's perspective.
With most impact factors on production and inflation already in play, they believe the current rate will meet the Fed's inflation benchmark by 2024's midpoint.
This could mean Jerome Powell might abstain from hiking up the rate anytime soon.
This could mean Jerome Powell might abstain from hiking up the rate anytime soon.
