• September 18, 2024

Federal Reserve Chair Powell Highlights Strong Economy and Commitment to Sustained Growth

According to Odaily, Federal Reserve Chair Jerome Powell emphasized the overall strength of the economy and the commitment to maintaining robust economic development. Today, the Federal Reserve has reduced the extent of its policy tightening. Powell stated that today's decision reflects growing confidence in the sustained strong performance of the labor market. He noted that the labor market has cooled from its previous overheated state. Additionally, consumer spending has shown resilience.

  • September 18, 2024

Analyst Predicts Economic Soft Landing with Stable Growth and Inflation

According to Odaily, analyst Anst has highlighted that the economic outlook suggests a scenario of a soft landing. Policymakers have projected a median growth rate of 2% for this year, next year, as well as for 2026 and 2027. Inflation is expected to return to target levels by next year, with forecasts indicating it will be at 2.1% by the end of 2025 and 2% in 2026.

  • September 18, 2024

Federal Reserve Confident in Inflation Progress Towards 2% Target

According to BlockBeats, on September 19, the Federal Reserve released a statement from the Federal Open Market Committee (FOMC) indicating increased confidence in achieving its 2% inflation target. The statement highlighted that the risks to employment and inflation goals are balanced. Economic activity is described as 'steadily' expanding, with a slowdown in job growth and a slight increase in the unemployment rate, which remains low.