Fed sees inflation topping 5% in 2022 and then falling rapidly due to higher rates - BitcoinEthereumNews.com
KabuhayanNakikita ng Fed ang inflation na nangunguna sa 5% sa 2022 at pagkatapos ay mabilis na bumabagsak dahil sa mas mataas na mga rate06 / 15 / 2022Balita ng Ethereum ng Bitcoin The Federal Reserve on Wednesday predicted U.S. inflation would exceed 5% by the end of 2022 — much higher than its most recent forecasts — underscoring its more aggressive strategy in raising interest rates. Ang central bank lifted its benchmark short-term rate by 75 basis points to a range of 1.5% to 1.75%. It marks the biggest rate increase in 28 years. The Fed also plans to raise the rate to as high as 3.8% by 2023, according to its latest “dot plot” forecasts. After that, rates are forecast to decline. The banks more hawkish approach after several years of heavily stimulating the economy comes in the wake of another poor reading on inflation. The consumer price index jumped 1% in May to push the increase over the past year to a 40-year high of 8.6%. The Fed prefers another measure known as the personal consumption expenditures index as a better gauge of inflation. The PCE index has also risen a sharp 6.3% as of the 12 months ended in April. By the end