• Tue. Apr 23rd, 2024

Gradual Slowdown or Inflation Dilemma: Inside the Speaker’s Thoughts

BySamantha Nguyen

Apr 3, 2024
Federal Reserve’s Bostic Encouraged by Continued Strong Economic Momentum, Anticipates Rate Cut in Q4

The speaker believes that the economy is expected to slow down at a faster pace, but there are no signs of it picking up. Any weakening that may be occurring is happening at a very gradual level. In the long run, it is important for the economy to slow down in order to reach the desired inflation target. The speaker is considering the possibility of only one interest rate cut this year and closely monitoring the situation to see how things progress.

Despite concerns about secondary measures in the inflation numbers, the speaker predicts that inflation will reach its target by 2026. Contacts related to employment have not expressed any worries, and the speaker takes a more hawkish stance on monetary policy rates. However, certain aspects of the inflation numbers are worrisome, particularly the rising percentage of goods in the CPI basket that are growing at rates above 3% and even 5%. This trend resembles high inflation periods and must be closely monitored to avoid upward pricing pressure before any decisions regarding policy rates are made.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

Leave a Reply