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Fed Projects Moderate Growth, Inflation Normalization by 2028
Fed Projects Moderate Growth, Inflation Normalization by 2028
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BTCCSquare news:
The Federal Reserve's December meeting minutes reveal a cautiously optimistic outlook for the U.S. economy, with moderate growth expected through 2028. Labor market conditions show signs of easing, while wage growth remains consistent with 2023 levels. Officials flagged potential near-term GDP risks from a possible government shutdown.
Long-term projections suggest economic expansion could slightly exceed potential after 2025. The central bank anticipates inflation will gradually converge to its 2% target by 2028, though acknowledges elevated uncertainty in current forecasts. This measured approach suggests continued careful calibration of monetary policy.
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