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Jonnelle MarteFortune |
Fed Chair Jerome Powell may face questions about whether progress toward the central bank’s 2% inflation goal has stalled.
Officials might rein in the number of rate cuts they anticipate in 2025 as they wait for more confirmation that inflation is on track to reach their...
The New York Fed survey showed that expectations for what inflation will be in three years dropped to 2.3%, the lowest since the survey began in 2013.
“Things have softened in the last couple months, and Fed officials are going to be pretty concerned if they start softening more rapidly.”
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