US Inflation Remained Below Target In August – OpEd
==========
The Federal Reserve's FOMC voted to lower the federal funds rate target; inflation is reportedly moving toward 2 percent but currently appears below target; PCEPI inflation was 1.1 percent in August 2024; core PCEPI grew at 1.6 percent in August; Fed Chair Jerome Powell indicated no rush to return to neutral policy; estimates for the neutral federal funds rate range from 2.74 to 3.22 percent; current federal funds rate target is 4.75 to 5.0 percent; median FOMC member projected 50 basis points of cuts this year; risks of recession increase if monetary policy remains tight; William J. Luther is the author.
#Inflation #FederalReserve #MonetaryPolicy #Pcepi #Economics #JeromePowell #Recession #InterestRates #WilliamJLuther #August2024
https://www.eurasiareview.com/29092024-us-inflation-remained-below-target-in-august-oped/
Eurasia Review /
npub1wc…jzsfw
2024-09-28 23:47:40
Author Public Key
npub1wc7d8ck45cw5jgdwx6du933w2eqtgpmyvxgk6wtmzdghtpwrx2cqejzsfwPublished at
2024-09-28 23:47:40Event JSON
{
"id": "d4d727628122691c3b1b9533d49b942a7299ae318d9f49bb6b5f57cdda55f164",
"pubkey": "763cd3e2d5a61d4921ae369bc2c62e5640b4076461916d397b13517585c332b0",
"created_at": 1727567260,
"kind": 1,
"tags": [],
"content": "US Inflation Remained Below Target In August – OpEd\n==========\n\nThe Federal Reserve's FOMC voted to lower the federal funds rate target; inflation is reportedly moving toward 2 percent but currently appears below target; PCEPI inflation was 1.1 percent in August 2024; core PCEPI grew at 1.6 percent in August; Fed Chair Jerome Powell indicated no rush to return to neutral policy; estimates for the neutral federal funds rate range from 2.74 to 3.22 percent; current federal funds rate target is 4.75 to 5.0 percent; median FOMC member projected 50 basis points of cuts this year; risks of recession increase if monetary policy remains tight; William J. Luther is the author.\n\n#Inflation #FederalReserve #MonetaryPolicy #Pcepi #Economics #JeromePowell #Recession #InterestRates #WilliamJLuther #August2024\n\nhttps://www.eurasiareview.com/29092024-us-inflation-remained-below-target-in-august-oped/",
"sig": "a8b8b2fc184fd8849afdc5262502c7daf64b85613e8ed5a9c9a886a2ce127fbf9ec2567179a4fdaffdc9691b4f0cf1b0ea0234aa3b40c8b9b7834a0f1a65b74a"
}